Allied Health

Allied Healthcare Posts Third Quarter Loss

Published in Hospital Business Week, May 31st, 2009

Allied Healthcare Products, Inc. (NASDAQ:AHPI) reported that its net income for the third quarter ending March 31, 2009, declined from about $100,000, or 1 cent per share, in the prior year period, to a loss of about $450,000, or a negative 6 cents per share, due to lower sales.

Net sales in the third quarter declined about 11 percent, or $1.5 million, to about $12.4 million. Sales fell in all segments except domestic hospital construction, reflecting that market's long-term contracts. International sales, which had increased more than 10 percent for the first half of fiscal 2009, declined by about 2 percent, due in part to a stronger dollar.

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Source: Hospital Business Week (2009-05-31)

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