Abano posts loss on exit impairments; underlying earnings at top of guidance

Tue, 28 Jul 2015

By Paul McBeth July 29 (BusinessDesk) - Abano Healthcare, the listed healthcare investor, reported an annual loss after recognising impairment charges on the sale of its pathology and orthotics units, though underlying earnings were at the top end of guidance from its dental and audiology businesses. The Auckland-based company posted a net loss after minority interests of $1.3 million, or 6.11 cents per share, in the 12 months ended May 31, compared to a profit of $4.5 million, or 21.55 cents, a year earlier, it said in a statement. That...

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