Abano forecasts 40% jump in first-half profit as sales grow

Tue, 25 Nov 2014

Nov. 25 (BusinessDesk) - Abano Healthcare, the listed healthcare investor, said first-half profit may rise 40 percent even in the face of a weak Australian dollar and tepid economic growth across the Tasman. Net profit will be in a range of $3.2 million to $3.7 million in the six months ended Nov. 30, up from $2.3 million a year earlier, chairman Trevor Janes told shareholders at their annual meeting. Revenues would be $113.6 million to $115.6 million, up from $106.1 million. Abano got 52 percent of earnings in offshore markets in 2014, o...
Markets
MARKET CLOSE: NZ shares rise as optimism over covid drug buoys Asia
Dan Brunskill | Mon, 13 Jul 2020

New Zealand shares joined a rally across Asia, as upbeat investor sentiment spilled over from Wall Street's close on Friday on optimism over a late-stage trial for a hopeful covid-19 treatment.  Th...

Law & Regulation
SFO probes Labour Party on donations
Victoria Young | Mon, 13 Jul 2020

The Serious Fraud Office has confirmed a fifth investigation into electoral funding, stating today it is looking into donations to the Labour Party.The agency said the probe relates to donations made...

Markets
NZ dollar little changed as global shares defy worsening covid news
Jenny Ruth | Mon, 13 Jul 2020

The New Zealand dollar was little changed as traders awaited further trend-setting information and as rising share markets were offset by Florida reporting a US record for new covid infections. The...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.