Prime Medical Services, Inc. Announces Record Results for Second
Quarter
Thursday July 24 8:30 AM EDT
Company Press Release
AUSTIN, Texas--(BW HealthWire)--July 24, 1997--Prime Medical Services, Inc. (``Prime'') (Nasdaq/NM:PMSI) today
announced record second quarter results.
Prime reported that pretax income for the second quarter increased by 38% to $4,841,000 from $3,503,000 for the second
quarter last year. (The 1996 second quarter pretax results were actually a loss of $32,000, due to a non-recurring writeoff of
$3,535,000 related to financing costs). Net income for the second quarter increased by 15% to $3,670,000, or $.19 per share
compared to $3,182,000, or $.17 per share for the year ago period, despite an increase in the tax rate from 9% in 1996 to 24%
in 1997. |
