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...
Primary Sector
$25m for Milford tunnel as Southland gets pre-election funding
Brent Melville | Thu, 16 Jul 2020

The Homer Tunnel, a transport lifeline into and out of Milford Sound, Fiordland, will receive a $25 million upgrade as part of a swathe of pre-election government investment into Southland that also i...

Economy
Cheaper petrol, accommodation through lockdown tames inflation
Paul McBeth | Thu, 16 Jul 2020

Cheaper petrol and accommodation slowed the annual pace of inflation through the covid-19 lockdown, more than offsetting price spikes in other consumer goods. The consumers price index shrank 0.5 p...

Retail
Delegat profits up 37%
Victoria Young | Thu, 16 Jul 2020

Wine maker Delegat Group's unaudited profit after tax for the year to June 30 rose 37 percent to $64.1 million, the company reported. The figure includes fair value movements in its vines and deriv...