Business Services Industry
DIVIDENDS AND EARNINGS.
Crain's Detroit Business, February, 1999
Childtime Learning Centers Inc. (Nasdaq: CTIM) reported third- quarter net income of $939,000 or 17 cents a share on revenue of $25.5 million for the period that ended Jan. 8. That compares with $687,000 or 13 cents for the same period one year ago. For fiscal 1999, which also ended Jan. 8, the company reported net income of $3.49 million or 64 cents a share on revenue of $84.8 million, compared with $2.8 million or 52 cents on revenue of $71 million during the same period one year ago.
Childtime President and CEO Harold Lewis attributed the increased earnings to the company's growth and acquisition strategies. Farmington Hills-based Childtime added 27 new centers in the third quarter. Since going public in February 1996, the company has grown from 167...
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