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...

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