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Centric Health full-year loss narrows YOY

Centric Health Corp. said its full-year normalized net income amounted to a loss of 15 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 16 cents per share.

The per-share loss decreased 11.4% year over year from 17 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of C$24.7 million, compared with a loss of C$25.4 million in the year-earlier period.

The normalized profit margin increased to negative 15.2% from negative 18.8% in the year-earlier period.

Total revenue increased 20.1% year over year to C$162.4 million from C$135.2 million, and total operating expenses climbed 18.7% on an annual basis to C$168.8 million from C$142.2 million.

Reported net income came to a loss of C$36.1 million, or a loss of 23 cents per share, compared to a loss of C$43.9 million, or a loss of 30 cents per share, in the year-earlier period.