The company, owned by the Waitaki District Council, provides health services for the district, including owning and operating Oamaru Hospital, and has net assets of $11.343 million.
Its half-year report to December 31 shows a $125,799 trading loss due to lower income from ACC and other sources, excluding the Southern District Health Board, which contracts out health services to the Waitaki company.
Income for the company in the first six months of the 2012-13 financial year was $5.864 million, compared with $5.832 million in the corresponding six months the previous financial year.
Expenses totalled almost $5.99 million, compared with $5.794 million in the six months of the 2011-12 financial year.
However, when looking at the group, which includes the Waitaki District Health Services Trust which invests funds on behalf of the company, a $48,017 profit was returned.
Mr Berry said the company had traded satisfactorily for the half year, notwithstanding the small loss.
''It is hoped this will be recouped by the end of the current financial year and the current outlook is for a break-even or better end-of-year trading result,'' he said.
The current position and trading outlook of both the com-pany and trust were considered by the directors to be ''in all respects satisfactory''.
Some of the highlights during the six months included the hospital being approved for training registrars in the rural hospital training programme of the Otago Medical School, two registrars being at Oamaru Hospital for up to 12 months, enhancing medical staffing stability for the longer term.
The company had also agreed to fund a nurse training programme and first appointments had been made.
A review of nursing services, skills and staff levels was being implemented by the company to ensure these were appropriate and correct for current services.
New ultrasound equipment had updated the hospital's medical imaging facilities, a considerable upgrade of previous equipment.
''It will be of particular use and interest to maternity patients utilising pre-natal services at the hospital with the high quality of imaging available,'' Mr Berry said.
