08:07 AM EST, 11/12/2024 (MT Newswires) -- Dentalcorp Holdings ( DNTCF ) on Tuesday said third-quarter adjusted profit fell sharply but revenue rose.

Adjusted net income sunk 68% to $6.5 million from last year's $20.1 million. The company did not provide adjusted profit per share amounts.

Revenue increased 11% to $375.4 million while same practice revenue advanced 4.2%.

The company said revenue and same practice revenue for the fourth quarter are forecast to increase by 8% to 10% (to between $391.2 million and $398.4 million) and 3.5% to 4.5% over last year.

It noted that the federal government's Canadian Dental Care Plan (CDCP) will have a "modestly" positive impact on its business.