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Gold/Mining/Energy : MSH - MediSolution (leader in healthcare technolgy in Cda) -- Ignore unavailable to you. Want to Upgrade?

To: QuietWon who wrote (53)	2/7/1999 10:42:00 PM
From: roddio	Respond to of 182

Earnings report due shortly isn't it?

To: QuietWon who wrote (53)	2/15/1999 2:31:00 PM
From: Wizzer	Read Replies (1) \| Respond to of 182

MediSolution third quarter results show 19% increase in revenue MediSolution Ltd MSH Shares issued 29,651,178 Feb 12 close $1.77 Mon 15 Feb 99 News Release Mr. George Czubak reports The company today released financial results for the third quarter ended Dec. 31, 1998. Results for the quarter were highlighted by a 19 per cent increase in revenue compared to the same period last year. Revenue for the period was a quarterly record $13.7 million, compared to $11.6 million in the third quarter of the previous year. Net income was $562,000, compared to $804,000 in the same period last year. Net income for the current quarter includes a $400,000 recovery of provisions for discontinued operations and restructuring charges which were initially provided for in the fiscal year ended March 31, 1997. Net income for the same quarter in the previous year includes gains of approximately $870,000 on the one-time sale of proprietary technologies. Revenue for the nine months ended December 31, 1998 totaled $39.1-million, an increase of 24 per cent from $31.4-million in the comparable period last year. Earnings for the nine-month period were $886,000 or three cents per share, compared to a loss of $477,000 or two cents per share in the same period last year. Third quarter highlights included the signing of a five-year agreement with Alberta Health that will permit Alberta health authorities to deploy company products on a regional basis and the selection of the company by La Societe Informatique Sogique and the Quebec Ministry of Health for the implementation of a major blood management information system for Quebec hospitals. Other highlights included the successful expansion of the payroll services business beyond the healthcare field through the sale of H.R. and payroll systems to Ilco Unican and two municipal governments, and strong demand for the company's leading pharmacy management system, Simplicity Plus. CONSOLIDATED FINANCIAL STATEMENTS Three months Ended Dec. 31 (in thousands of dollars) 1998 1997 Consolidated statements of operations Revenues 13,720 11,557 Expenses 12,235 9,955 Earnings before interest, taxes, dep. and amort. 1,485 1,602 Depreciation and amortization 796 707 Earnings before interest and taxes 689 895 Interest and taxes 127 91 Net income 562 804 ======= ======= Net income per share 2 cents 3 cents CONSOLIDATED FINANCIAL STATEMENTS Nine months ended Dec. 31 (in thousands of dollars) 1998 1997 Consolidated statements of operations Revenues 39,065 31,414 Expenses 35,807 29,662 Earnings before interest, taxes, dep. and amort. 3,258 1,752 Depreciation and amortization 2,222 2,057 Earnings before interest and taxes 1,036 (205) Interest and taxes 150 172 Net income (loss) 886 (477) ======= ======= Net income (loss) per share 3 cents (2 cents) (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com