Allied Healthcare Products

Allied Healthcare's drop in fourth quarter net income drags down 2006 results

Published in Health Business Week, October 13th, 2006

Allied Healthcare Products, Inc., (AHPI) reported that its net income fell about 58% to $629,000, or 8 cents per share, in the fourth quarter ended June 30, 2006, versus $1.5 million, or 19 cents per share, in the fourth quarter of 2005.

For the year, net income declined about 30% to $1.6 million, or 21 cents per share, compared to $2.3 million, or 30 cents per share, for fiscal 2005.

Although sales for the quarter increased slightly, to about $14.5 million from $14.2 million the previous year, orders for the fourth quarter of 2006 slipped by about 2.6% compared to the 2005 period.

Sales for fiscal 2006 increased by almost $1.4...

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Source: Health Business Week (2006-10-13)

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