Safeguard Health Enterprises, an Anaheim-based provider of...

Safeguard Health Enterprises, an Anaheim-based provider of fixed-fee dental-care plans, reported that net income for the second quarter rose 15% to $852,000 from $740,000. Revenue dropped 2% to $17.1 million from $17.4 million for the quarter a year ago. The company attributed the earnings increase to reductions in expenses, continued improvement in the company’s dental office operations and the completion of its stock repurchase program. Net income for the six-month period climbed 24% to $1.6 million from $1.3 million for the year-earlier period. Revenue for the first half was $33.9 million, virtually unchanged from the comparable period a year ago. Safeguard’s board also authorized a stock repurchase program for as many as 640,000 shares of the company’s common stock. The company’s previously announced program to repurchase 1.6 million shares of its common stock was completed in March.