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...

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