2nd-Period Net Income Up 15% at Community Psychiatric Centers

Community Psychiatric Centers, a Santa Ana operator of psychiatric hospitals, reported fiscal 1987 second-quarter earnings of $16.6 million, a 15% increase over the $14.4 million reported a year earlier.

Revenues for the period ended May 31 were $77.6 million, a 20% increase over the $64.6 million recorded in the prior year.

For the first six months, net earnings of $31.3 million were up 15% from $27.2 million for the first half of the company’s fiscal 1986. Revenues of $146 million were up 18% from the prior year’s $123.4 million.