Abano says first-half profit may fall as dental acquisitions take longer to settle

Tue, 14 Nov 2017

By Paul McBeth Nov. 15 (BusinessDesk) - Abano Healthcare Group says first-half profit may fall because recent dental clinic acquisitions across the Tasman won't deliver immediate gains and the relocation of its biggest Lumino practice attracted some costs. The Auckland-based dental and radiology investor expects net profit attributable to shareholders of between $5.4 million and $6.2 million in the six months ending Nov. 30, compared to $5.9 million a year earlier. That guidance includes Abano's decision to accelerate depreciation after...

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