Abano confirms first-half profit gain, trims independent valuation over exec shares

Tue, 20 Dec 2016

By Paul McBeth Dec. 21 (BusinessDesk) - Abano Healthcare, fending off a hostile takeover from its biggest shareholder, cut 3 cents from the independent valuation it commissioned to allow for executive incentive shares while confirming a 73 percent gain in first-half profit Net profit after minorities rose to $5.9 million, or 27.48 cents per share, in the six months ended Nov. 30, from $3.4 million, or 16.14 cents, a year earlier, the Auckland-based company said in a statement. Revenue was confirmed at $116.8 million, an 8 percent gain....

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