Medical Facilities Corp Reports Strong Q1 and Dividend Hike

Medical Facilities Corp (TSE:DR) has released an update.

Medical Facilities Corporation reported a robust first quarter with a 4.5% rise in facility service revenue to $108.3 million and a 29.6% increase in income from operations, alongside a growth in surgical cases. They’ve improved their financial stance by repaying $5 million of corporate credit and buying back shares. The company also announced an 11.8% hike in their quarterly dividend, signaling strong cash flow and operational performance.

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