Abano Healthcare posts 16% gain in annual profit as revenue rises to a record

Tue, 24 Jul 2018

By Rebecca Howard July 25 (BusinessDesk) - Abano Healthcare reported a 16 percent lift in annual profit on record revenue as its dental network improved performance in both Australia and New Zealand. The company, which operates the Lumino The Dentists chain in New Zealand and Maven Dental Group in Australia, said profit rose to $12.6 million, or 50.95 cents per share, in the year to May 31 from $10.9 million, or 50.79 cents, in the prior year. Underlying profit increased 18 percent to a record $13.6 million. Revenue advanced 11 percent...

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