Chindex International Inc. said it returned to growth in the first quarter of its fiscal year after the SARS epidemic hurt business in China last year.
The Bethesda medical equipment and hospital company swung to a profit of $244,000 (4 cents per share) for the quarter ending June 30 from a loss of $1.3 million (36 cents) a year earlier. Revenue rose 31 percent, to $26.7 million from $20.4 million. The stock rose 74 cents, to $7.39.
* Bresler & Reiner Inc. said second-quarter sales picked up thanks to business and residential buildings the company bought and to sales of developed land.
The Washington real estate investment trust's earnings fell 78 percent, to $636,000 (23 cents per share) on $17.5 million in revenue for the period ended June 30, compared with $2.9 million ($1.07) on $8.6 million in the same period last year.
Funds from operations, another measure of REIT profitability, rose 23 percent, to $3.8 million from $3.1 million.
For the first six months of the year, earnings fell 67 percent, to $928,000 (34 cents) on revenue of $31.9 million from $2.8 million ($1.01) on $15.9 million in the first half of 2003.
For the first half of 2004, funds from operations climbed 65 percent, to $6.9 million from $4.2 million .
The stock closed unchanged at $55.