Abano posts flat first-half profit as dental acquisitions offset margin squeeze

Paul McBeth
Wed, 19 Dec 2018

By Paul McBeth Dec. 20 (BusinessDesk) - Abano Healthcare reported a flat first-half profit as dental practice acquisitions helped offset skinnier margins from its New Zealand operations and the sale of its radiology business a year earlier.  Net profit attributable to shareholders was unchanged at $6 million in the six months ended Nov. 30. Revenue was up 7 percent at $142.4 million, bolstered by the acquisition of 14 dental practices in the period, most of which were large Australian practices.  Abano spent $31.6 million on the practi...
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Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.