Medical Facilities Corporation ("Medical Facilities," "MFC," or the "Corporation") (TSX: DR), reported its financial results today for the three-month and six-month periods ended June 30, 2021. All amounts are expressed in U.S. dollars unless indicated otherwise. Q2 2021 Summary (For continuing operations1 compared to Q2 2020)
"The volume recovery continued in the second quarter as we neared pre-pandemic levels. We continue to be cautiously optimistic in our outlook for the remainder of 2021. While vaccines continue to roll out across the country, there is still a lot of uncertainty due to the Delta variant. Our balance sheet remains strong and we are well-positioned to evaluate the right growth opportunities in the back half of 2021." - Robert O. Horrar, President and CEO of Medical Facilities. Medical Facilities Corporation Q2 2021 Earnings Call - August 12, 2021 During the quarter, MFC paid a quarterly cash dividend of C$0.07 per common share (or C$0.28 per share on an annualized basis), which represented an annualized yield of 3.99% on the June 30, 2021 closing price of $7.01 per common share.
As at June 30, 2021, MFC had consolidated net working capital of $48.1 million, compared to $45.0 million on December 31, 2020. MFC's financial statements and management's discussion and analysis, for the three-month and six-month periods ended June 30, 2021, will be filed on SEDAR at www.sedar.com on Thursday, August 12, 2021, and will also be available on Medical Facilities' website at www.medicalfacilitiescorp.ca. Source: Medical Facilities Corporation
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