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Allied Healthcare Products, Inc.
Allied Healthcare Net Falls on Manufacturing Delays
May 30th, 2008
Allied Healthcare Products, Inc. (NASDAQ:AHPI) reported that its net income for the third quarter ending March 31 fell 64 percent, from about $278,000 last year, or 4 cents per share, to about $100,000 in the current quarter, or 1 cent per share. Sales for the third quarter increased by about $240,000 compared to the third quarter of the prior year. However, higher material and labor costs this fiscal year eroded margins and profits for the quarter. For the first three quarters of the 2008 fiscal year ending March 31, Allied net income fell about 75 percent, from about $772,000 last year, or 10 cents per share, to about $193,000, or 2 cents per share...
Source: Health Business Week (2008-05-30)
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