PHC, Inc. Reports First Quarter Gains

OPEN MINDS On-Line News PHC, Inc., of Peabody, Massachusetts, dba Pioneer Behavioral Health, reports an increase in operating income and a twenty percent growth in revenue for the first quarter ending September 30, 2000 compared to the corresponding quarter of the prior fiscal year. PHC reports that income from operations -- prior to interest, taxes, depreciation, amortization, dividends and Internet expenses -- rose to $398,857 for the quarter, up from $271,910 for the same period the previous year. Revenue for the quarter was $5,286,498, up 20 percent from revenue of $4,382,809 last year.  On a . . .