SunLink Health Systems, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022
February 14, 2023 at 11:34 am EST
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SunLink Health Systems, Inc. reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was USD 14.39 million compared to USD 10.41 million a year ago. Net income was USD 1.95 million compared to net loss of USD 0.593 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to basic loss per share from continuing operations of USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to diluted loss per share from continuing operations of USD 0.07 a year ago. Basic earnings per share was USD 0.28 compared to basic loss per share of USD 0.09 a year ago. Diluted earnings per share was USD 0.28 compared to diluted loss per share of USD 0.09 a year ago.
For the six months, sales was USD 25.43 million compared to USD 20.94 million a year ago. Net income was USD 0.393 million compared to USD 1.35 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 0.22 a year ago. Basic earnings per share was USD 0.06 compared to USD 0.19 a year ago. Diluted earnings per share was USD 0.06 compared to USD 0.19 a year ago.
SunLink Health Systems, Inc., through subsidiaries, owns businesses which provide healthcare products and services in certain markets in the southeastern United States. The Company operates through two segments: Healthcare Services and Pharmacy. The Healthcare Services segment subsidiaries owns and operates Trace Regional Medical Center (Trace), a 49-bed community hospital, clinics and a 66-bed nursing home in Mississippi, and an information technology (IT) service company based in Georgia. The Pharmacy segment subsidiary owns and operates a pharmacy business in Louisiana with four operational areas. The operational areas include retail pharmacy products and services provided to residents of southwestern Louisiana; institutional pharmacy services consisting of the provision of specialty and non-specialty pharmaceutical and biological products; non-institutional pharmacy services; and durable medical equipment (DME) consisting primarily of the sale and rental of products.
SUNLINK HEALTH SYSTEMS, INC. 
