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Fletcher Allen Releases 2nd quarter results

first_imgFletcher Allen Releases Year-to-Date and Second Quarter Financial ResultsFletcher Allen has reported an operating income of $5.7 million for the first two quarters of the 2004 fiscal year. This includes an operating income of $1.8 million for the second quarter. The second quarter covers the period beginning January 1st and ending March 31, 2004. This marks nine consecutive months of operating incomes that tracked budgeted expectations.Second Quarter ResultsOperating income for the second quarter was $164,563 better than budget and $5.2 million better than the corresponding quarter in FY2003. Net operating revenues for the quarter were $144 million, $1 million above budgeted revenues. However, the organization’s operating expenses for the quarter were $142.2 million, $900,000 above budget, resulting in an operating income of $1.8 million and an operating margin of 1.2% for the second quarter. By comparison, the organization lost $3.5 million in the second quarter of FY 2003.Year-to-date ResultsFor the year to date, the $5.7 million net income from operations was well abovethe budgeted $536,717 for the period, and produced an operating margin of 2.0%. A yearago, the organization saw a two-quarter loss of $8.4 million. Operating expenses for the first half of the fiscal year were below budget by $2.8 million year-to-date.Improved processes that were part of the budget recovery plan implemented in mid-FY 2003 were incorporated into the FY 2004 budget and the organization’s positive financial results are, to a large extent, the product of those changes. However, expenses began to increase above budget in the second quarter.Key volume measures year-to-date were mixed. Total inpatient discharges were above budget by 331 (3.0%). Combined Inpatient and Outpatient Days, a measure of the number of patients in the hospital each day, were 1.6% below budget, and physician office visits were 5.7% below budget, but substantially higher than last year for the same quarter. At the end of the quarter, Days Cash on Hand increased to 89.8 days, 2.9 days above the first quarter’s results.The institution began making its quarterly financials public with the release of the first quarter results for FY 2003 in February 2003. The audited financial statements for the years ended September 30, 2002 and 2003, as well as the quarterly results for FY 2003 and the first two quarters of FY 2004, are available on the Fletcher Allen Web site at www.fletcherallen.org(link is external).last_img read more

Norwegian Bliss Becomes Largest Ship Christened in Seattle

first_imgNorwegian Cruise Line has christened Norwegian Bliss, the third ship in the line’s Breakaway Plus class, at the Port of Seattle, Washington. The christening ceremony took place on board the ship on May 30, following a month-long show-stopping tour around the United States.“As the largest ship to ever be christened in Seattle, Norwegian Bliss’ ceremony was our most exciting one yet,” Andy Stuart, president and chief executive officer of Norwegian Cruise Line, said.The recently renovated and expanded Bell Street Cruise Terminal at Pier 66, a public-private investment between Norwegian Cruise Line Holdings and the Port of Seattle, received the 168,000-gross-ton ship early in the morning that day.“Norwegian Cruise Line has been cruising out of the Port of Seattle for eighteen years, and the public-private investment that made the enhancement of Bell Street Cruise Terminal at Pier 66 possible, demonstrates the commitment we have to the city of Seattle,” Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings, commented.Built at German shipyard Meyer Werft, Norwegian Bliss is the first cruise ship specifically designed with features and amenities for Alaska cruising.Image Courtesy: Norwegian Cruise LineWith a length of 333.46 meters, the cruise ship can accommodate 4,004 persons, double occupancy, onboard and includes many attractions, one of them being a large go-cart track.Following a preview sailing from May 30 – June 2, Norwegian Bliss will commence its inaugural summer season with cruises to Alaska including calls in Ketchikan, Skagway, Juneau and Victoria, British Colombia beginning June 2.It will join Norwegian Jewel and Norwegian Pearl as the youngest fleet ever to cruise to Alaska, according to the company.last_img read more

UCL Preview: Vitoria and Guardiola want focus, Simeone expects tenacity and Enrique is remaining calm

first_imgRUI VITORIA EXPECTS A SOLID PERFORMANCEWe have to play well defensively as we’re facing one of the best teams in the world, one of the favourites to win the competition and a side who set up the same home and away. Nicolas Gaitán is a doubt and only before the match will I know if I can count on him. We didn’t win there, but tactically we did well and were very organised. However, we know Bayern are tactically very versatile with lots of resources at their disposal, so if they don’t achieve what they want playing one way they’ll try something else. We had 5,000 fans in Munich and tomorrow the supporters will be even more important.PEP IS FOCUSEDWe are focused on tomorrow’s match. We intend to defend well, score a goal and qualify for the next round. Regarding Benfica’s absentees, we have had the same problem ourselves. For example, Javi Martínez was out for five months and we had to play without genuine central defenders during that time, so that’s football. The teams know each other well as they just played last week, but tactically we know what to do. A player’s mentality and character will be clear to see in front of 60,000 fans. We have to play well in order to get a result. SIMEONE EXPECTS MORE TENACITYBeing Atlético means being tenacious, competitive, never giving up and overcoming difficulties. We know there are better teams than us. But we know we can compete against Barcelona.We try to improve what we are doing [against Barça] game after game. We will try to find an angle and see if we can get at them and win.The excitement and enthusiasm around this match is fantastic, but I don’t think the Barcelona players will be surprised by the atmosphere because they are used to it.Koke is a very important player for us. He has great vision. The team has had a freshness and an energy about it of late, and that’s down to having a player like him in midfield.LUCHO IS KEEPING CALMWe are treating this like any quarter-final – I don’t feel it’s the biggest match of our season. We have a small advantage and we will try to win here too to make sure of the result. This team was made for matches like this. Yes, it’s always difficult against Atlético, but it’s all about doing things well, which is what we try to do every match. We’ll need to play really well.There is always room for improvement. It’s not fair to think that victories or defeats are because of two or three players. I’m just as guilty for any defeats because I am the coach. I’m very happy with Arda Turan’s performances and Gerard Piqué is fine.Tomorrow will be difficult like any UEFA Champions League tie, particularly so against Atlético since they know us so well. There is no doubt we are going to compete. We love to see the Vicente Calderón full but if there’s any team able to play in this atmosphere it is Barça. I hope we can see a great spectacle.   –Follow Joy Sports on Twitter: @JoySportsGH. Our hashtag is #JoySportslast_img read more