looking very good.........
Topic: (VSE:NHM) National Healthcare Manufacturing Corporation , (NASDAQ:NHMCF)
National Healthcare Mfg Corp,
Quote.com News Item #6625913
Headline: NATIONAL HEALTHCARE MANUFACTURING CORP - Third Quarter Fiscal 1998
Financial Results [130]
======================================================================
Seyed M. Torabian, P.Eng., Executive Vice President of National
Healthcare Manufacturing Corporation (NHMC), announces results for the
quarter ended March 31, 1998. Revenues for the nine month period increased
118 percent to $6,826,261 from $3,136,831 reported for the comparable
period last year. Revenues for the last three months were $2,509,819 an
increase of 70 percent over the same period last year. Gross Profit for
the nine month period increased to $3,134,423, an increase of 84 percent
over same period last year.
Highlights during the quarter included the signing of National
Healthcare Logistics' (NHCL) first "Hub & Spoke" distribution system for 5
Florida based hospitals to facilitate over US $300 million in purchasing
and distribution and the exclusive long term supply/purchase agreement with
Simplex Medical Systems Inc. (SMS) for its patented delivery systems in
SMS's unique HIV Diagnostic Test Kit.
NHMC's Management is pleased with the Corporation's developments to
date and notes that NHMC is strategically in the strongest position it has
ever been. NHMC's ability to package these medical devices quicker, more
efficiently, accurately and cost effectively is providing the Company with
a continual and definitive edge in the industry.
//st
Consolidated Statement of Operations
3 Months Ended 9 Months Ended
March 31 March 31
1998 1997 1998 1997
Revenues $2,509,819 $1,475,246 $6,826,261 $3,136,831
Cost of Sales $1,479,531 $363,015 $3,691,838 $1,431,595
Gross Profit $1,030,288 $1,112,231 $3,134,423 $1,705,236
P.cent of profit 41.1 75.4 45.9 54.4
Operating
expenses $2,597,706 $1,973,479 $6,822,734 $4,636,268
Loss From
Investee $(328,590) -- $(649,396) --
Loss For Period $1,896,008 $861,248 $4,337,707 $2,931,032
Per Share $(0.13) $(0.08) $(0.33) $(0.27)
//et
National Healthcare is being recognized as a market leader committed
to reducing healthcare costs by providing efficient and cost effective
alternatives to conventional products and services to healthcare providers.
NHMC owns and operates the worlds first and only automated robotic
production facility capable of assembling and packaging various kits and
trays for medical and surgical procedures. Through its wholly owned
subsidiaries, NHMC manufactures and distributes personal care,
anti-microbial and cellulose based paper products such as examination gowns
to healthcare and homecare institutions throughout North America and
Europe. Also National Healthcare Logistics (a NHMC subsidiary), is
revolutionizing conventional medical distribution with its state of the art
Hub & Spokes logistics system.
For a complete copy of these financials, please visit our website at
www.nationalhealthcare.com or contact us at 1-800-883-8841.
TEL: 1-800-883-8841 Alex P. Tsakumis
TEL: (604) 689-8581 National Healthcare Manufacturing Corporation
Internet: nationalhealthcare.com
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