The owner and operator of assisted living residences for olderadults reports second quarter operating income of $434,000,compared to a net operating loss of $6.1 million in theyear-earlier period.
For the six months ended June 30, the company is reporting a netloss of $7.6 million, or 44 cents a diluted share,on revenue of$67.3 million. The first six months of 1999 resulted in a net lossof $16.7 million, or 97 cents a diluted share, on revenue of $55.1million.
The company's six month operating income was $462,000, comparedto an operating loss of $10.4 million in 1999.
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