Abano 1H profit at top of forecast, despite weak Aussie dollar crimping revenue

Thu, 19 Dec 2013

Dec. 20 (BusinessDesk) - Abano Healthcare, the healthcare investor which last month fended off its third takeover bid in the past five years, reported first-half profit at the top of its forecast range, even as a weak Australian dollar trimmed revenue from across the Tasman. Net profit attributable to shareholders, which excludes earnings available to minority interests, rose to $2.3 million, or 12.56 cents per share, in the six months ended Nov. 30 from $1.5 million, or 8.87 cents, a year earlier. That was at the top of the forecast range pr...

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