Abano posts 1H profit of $1.5M, meeting guidance; shares gain

Fri, 21 Dec 2012

Dec. 21 (BusinessDesk) - Abano Healthcare, a specialist healthcare investor and operator, met its guidance with a jump in first-half profit as it acquired more dental practices in Australia and New Zealand. Net profit was $1.5 million in the six months ended Nov. 30, from $600,000 a year earlier, the Auckland-based company said in a statement. Sales rose to $107.9 million from $102 million. That’s in line with its October guidance of profit between $1.3 million and $1.8 million, and sales of between $105.4 million and $107.4 million. The sha...

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