SunLink Health Systems, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 10, 2023 at 04:41 pm EDT
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SunLink Health Systems, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was USD 11.53 million compared to USD 10.53 million a year ago. Net loss was USD 0.762 million compared to USD 0.99 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to USD 0.13 a year ago. Basic loss per share was USD 0.11 compared to USD 0.14 a year ago. Diluted loss per share was USD 0.11 compared to USD 0.14 a year ago.
For the nine months, sales was USD 36.96 million compared to USD 31.46 million a year ago. Net loss was USD 0.369 million compared to net income of USD 0.356 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to diluted earnings per share from continuing operations of USD 0.08 a year ago. Basic loss per share was USD 0.05 compared to basic earnings per share of USD 0.05 a year ago. Diluted loss per share was USD 0.05 compared to diluted earnings per share of USD 0.05 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. 
