Fletcher 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).
The Children’s Home helps hundreds of children and their families. The event was originally scheduled for Aug. 11. The social supports the Children’s Home’s programs. The not-for-profit organization says based on regulations in the Fall. They say they may host a community event this September. BINGHAMTON (WBNG) — The Children’s Home in Binghamton announced the 62nd Ice Cream Social has been canceled
The unaudited business results of the company Adriatic Croatia International Club for the activity of marina dd (ACI) show that the largest Croatian nautical company in the first nine months of 2020 generated 139 million kuna in operating revenues. At the same time, EBITDA for this period amounts to HRK 55 million. Looking at revenues from the annual connection, the results of ACI’s operations in the first three quarters are almost at the level of revenues of HRK 79 million in the period from January to September 2019. After generating HRK 52 million in annual berth services in the first six months, revenue amounted to HRK 78 million by the end of September. “I am pleased to say that ACI’s business results are significantly better than initial predictions and expectations. We have mostly succeeded in that because we have been rationally disposing of capital and managing the Company since the beginning of our mandate. What we can also be proud of is the fact that, despite the crisis, we managed to keep the same number of sailors on an annual berth as in 2019.”, Said the President of the Management Board of ACI dd Kristijan Pavić. “At the moment, we are focused on adjusting the business, preserving the company’s liquidity and continuing to implement a sustainable business policy. The operation of ACI marinas is significantly affected by concession agreements, which in most marinas last until 2030. Extending the concession period is a prerequisite for the realization of long-term investments of the Company, but also for expanding the range of services, raising quality and achieving better business results. “, States Kristijan Pavić. ACI dd manages 22 marinas with over 5.800 berths and is the carrier of nautical tourism in Croatia, which accounts for as much as one and a half billion euros in revenues of the entire tourism sector. Photo: ACI In the previous period, the started investments were successfully completed and significant projects were realized, such as obtaining a building permit for the project of reconstruction of the Sorkočević castle.