Sunlink Health Systems (SSY) Reports Q4 Loss of $0.09/Share
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SunLink Health Systems, Inc. Announces Fiscal 2016 Fourth Quarter and Full-Year Results
September 30, 2016 9:25 AM EDTATLANTA--(BUSINESS WIRE)-- SunLink Health Systems, Inc. (NYSE MKT: SSY) today announced a loss from continuing operations for its fourth fiscal quarter ended June 30, 2016 of $823,000 or a loss of $0.09 per fully diluted share, compared to a loss from continuing operations of $7,000 or a loss of $0.00 per fully diluted share, for the quarter ended June 30, 2015. Net loss for the quarter ended June 30, 2016 was $1,234,000, or a loss of $0.13 per fully diluted share, compared to net earnings of $92,000, or $0.01 per fully diluted share, for the quarter ended June 30, 2015. The results for the fourth fiscal quarter of 2016 include non-cash... More
SunLink Adopts Shareholder Rights Plan to Protect Tax Benefits
September 29, 2016 5:00 PM EDTATLANTA--(BUSINESS WIRE)-- SunLink Health Systems, Inc. (NYSE MKT: SSY) (the Company) today announced that its Board of Directors has acted to protect the Companys valuable income tax net operating loss carryforwards (NOLs) by adopting a new tax benefits protection rights plan. The purpose of the rights plan is to protect shareholder value by preserving the Companys ability to use its NOLs in the future. The rights plan is similar to plans adopted by other public companies with significant net operating losses. As part of the rights plan, SunLinks Board declared a dividend of one preferred... More
