India, July 22 -- On Wednesday, Healthcare Services Group, Inc. (HCSG), reported a return to profit in the second quarter, from the prior year on improved revenue, and reduced service costs as well as growth in other income.
Net Income for the period was $22.70 million, compared to loss of $32.37 million in the same quarter last year. Net income per share was $0.32, in comparison with loss of $0.44 in the previous year.
Adjusted EBITDA for the period was $35.59 million, in contrast with EBITDA loss of $36.32 million a year ago.
Revenue for the period increased to $470.81 million from $458.49 million in the prior year.
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Furthermore, the company confirmed...