Homedco Group Inc.: The Fountain Valley provider...

Homedco Group Inc.: The Fountain Valley provider of home health care services posted fiscal 1992 second-quarter net income of $4 million, or 31 cents per share, contrasted with $667,000, or 7 cents per share, for the like period last year. Revenue for the quarter ended March 31 rose 28%, to $69.5 million from $54.5 million. Net income for the company’s first half totaled $7.9 million, or 60 cents per share, in contrast with a loss of $2.4 million, or 30 cents per share, for the same period last year. Revenue for the six months rose 27%, to $136.2 million from $107.4 million. The 1991 net income and per share figures included losses from the adjustment to fair value of a warrant and the dividends on preferred stock.