Abano forecasts FY sales growth up to 1.3 percent , jump in net profit

Tue, 26 Mar 2013

March 26 (BusinessDesk) – Abano Healthcare Group, which invests in specialty health clinics, forecasts growth in full-year sales and profit driven by the expansion of its dental business. The shares rose 3.8 percent. Sales are forecast at $207 million to $209 million for the 12 months ending May 31, from $206.4 million a year earlier, the Auckland-based company said in a statement. Underlying profit, which excludes one-time items and accounting adjustments may rise to $4.1 million to $4.6 million, from $3 million in 2012, while net profit is...
MARKET CLOSE: NZ shares rise as optimism over covid drug buoys Asia
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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
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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...

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