* Q1 EPS C$0.23 vs C$0.26 last year
* Revenue down 2 pct
May 6 (BestGrowthStock) – Canada’s CML HealthCare Income Fund
(CLC_u.TO: ), which specializes in imaging and laboratory
services, posted a 9 percent fall in quarterly profit, hurt by
weakness in its U.S. operations.
Net income for the first quarter was C$20.9 million , or 23
Canadian cents per fund unit. That compares to C$23 million, or
26 Canadian cents per fund unit, a year ago.
Chief Executive Paul Bristow said severe winter weather in
February resulted in the closure of its centers in Maryland and
Delaware for a number of days.
Coupled with the extended closures of physicians’ offices,
CML’s overall U.S. medical imaging business experienced lower
patient visits in the quarter.
Revenue fell 2 percent to C$125.4 million.
The company also said it plans to convert into a
corporation on Jan. 11, 2011.
Units of the company closed at C$11.34 Wednesday on the
Toronto Stock Exchange.
Stock Investing
(Reporting by Isheeta Sanghi in Bangalore; Editing by Vinu
Pilakkott)
UPDATE 1-CML HealthCare Q1 profit falls
