Finance

Respiratory care products company reports profitable 2Q

Published in Biotech Business Week, March 8th, 2004

Allied Healthcare Products, Inc., (AHPI) reported that its second quarter ended December 31, 2003, with a net income of $384,000, or 5 cents per share, compared to a net loss of $176,000, or negative 2 cents per share, for the second quarter of fiscal 2003.

Second quarter earnings improved over the first quarter's break-even results, reflecting higher sales in the second quarter and higher gross margins. Year-to-date results improved from a loss of $416,000 for the first half of fiscal 2003 to a net income of $387,000 for the first half of fiscal 2004.

Lower production costs in 2004 resulted in a $937,000 improvement in gross margins versus the prior...

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Source: Biotech Business Week (2004-03-08)

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