Safeguard Reports Lower Net, Higher Revenue
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Safeguard Health Enterprises Inc., an Anaheim-based provider of dental care plans, reported second-quarter net income of $569,000, down 33% from $848,000 for the second quarter of 1985. But the company’s revenue in the second quarter increased 27% to $15.87 million from $12.4 million for the year-ago quarter.
Safeguard posted net income of $936,000 for the first six months of 1986, down 41% from $1.59 million for the first half of 1985. Six-month revenues were $30.45 million, up 29% from $23.6 million a year ago.
Safeguard President Steven J. Baileys attributed the lower earnings in the first quarter and first half to losses associated with the opening of 16 new company-owned dental offices since June, 1985.
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