Abano 1H earnings beat guidance on growing dental network, board rejects takeover bid

Paul McBeth
Tue, 13 Dec 2016

By Paul McBeth Dec. 14 (BusinessDesk) - Abano Healthcare beat guidance as it lifted first-half earnings 62 percent from a year earlier on an expanding dental network, giving the board confidence in the current strategy as they rejected a partial takeover bid by dissident shareholders as significantly undervaluing the business.  Underlying profit rose to $6.3 million in the six months ended Nov. 30 from $3.9 million a year earlier, and ahead of last month's forecast for earnings between $5 million and $5.6 million, the Auckland-based compa...

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