Abano beats FY profit forecasts, plans $35M capital raising to accelerate growth

Tina Morrison
Tue, 25 Jul 2017

By Tina Morrison July 26 (BusinessDesk) - Abano Healthcare, Australasia's second-largest dental group, beat its forecast for annual profit and announced plans to raise $35 million to accelerate its growth. The healthcare investor posted a profit of $10.9 million in the year ended May 31, ahead of its forecast profit of between $9.7 million and $10.5 million. The company's year earlier profit of $28.4 million was boosted by the sale of its half share in audiology business Bay International, and when adjusted to include only continuing busi...
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