Abano expects 1H to drop as much as 14%, flagging weaker Australian economy

Mon, 02 Nov 2015

By Suze Metherell Nov. 2 (BusinessDesk) - Abano Healthcare, the listed medical and dental centre investor, expects first half earnings to decline as much as 14 percent as an expanding exposure to the cooling Australian economy weighs, even as its dental network grows and audiology unit improves. Net profit in the six months ending November 30 is expected to be between $3 million and $3.6 million, down from $3.5 million a year earlier, the Auckland-based company told shareholders at its annual meeting. Gross sales will be between $150 mil...

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