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Continucare Corporation Reports 52% Increase in Net Income for Fourth Quarter of Fiscal 2009.

Publication: Business Wire
Publication Date: 10-SEP-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Continucare Corporation Reports 52% Increase in Net Income for Fourth Quarter of Fiscal 2009.(Financial report)

Article Excerpt
Achieves 36% Increase in Net Income for Fiscal 2009

MIAMI -- Continucare Corporation (NYSE Amex:CNU) today reported financial results for its fourth quarter and fiscal year ended June 30, 2009. Financial highlights for the quarter include:

* Total revenue increased 14% to $75.3 million, compared to $66.1 million in the fourth quarter of fiscal 2008;

* Income from operations increased 55% to $7.8 million, compared to $5.0 million in the fourth quarter of fiscal 2008; and

* Net income increased 52% to $4.8 million, or $0.08 per diluted share, compared to $3.2 million, or $0.05 per diluted share, in the fourth quarter of fiscal 2008.

Full Year Results

For the fiscal year ended June 30, 2009, total revenue increased 11% to $281.3 million compared to $254.4 million in the prior fiscal year. Income from operations for fiscal...

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