Abano posts 2% gain in first-half profit on dental growth, agrees to sell Ascot Radiology for $17M

Tue, 19 Dec 2017

By Jonathan Underhill Dec. 20 (BusinessDesk) - Abano Healthcare Group posted a 2 percent gain in first-half profit to a record, meeting guidance while announcing the exit from its remaining non-dental business with the $17 million sale of Ascot Radiology. Profit was $6 million in the six months ended Nov. 30, from $5.9 million a year earlier, the Auckland-based company said in a statement. Gross revenue climbed 14 percent to $159 million. The profit was in line with the $5.4 million-to-$6.2 million guidance Abano gave last month and wa...

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