Abano turns to 2016 annual profit after selling audiology stake

Tina Morrison
Tue, 26 Jul 2016

By Tina Morrison July 27 (BusinessDesk) - Abano Healthcare, the Australasian radiology and dental centre operator, turned to an annual profit after selling its half stake in audiology investor Bay International and expanding its dental chain. The healthcare investor posted a profit of $28.4 million in the year ended May 31, boosted by a $20.2 million gain on the sale of its Bay International stake, it said in a statement. That compares with a loss of $1.3 million a year earlier, or a $4.5 million profit including only continuing businesse...
Election 2020
ELECTION 2020: National’s ex-spy trainer Yang to retire
Victoria Young | Fri, 10 Jul 2020

National List MP Jian Yang will quit politics at this year’s election, after serving three terms in Parliament. Yang has been a controversial MP due to his involvement as an academic training Chine...

Retail
NZ consumers still opening their wallets; govt's cut beats forecast
Rebecca Howard | Fri, 10 Jul 2020

A solid jump in retail spending and higher-than-forecast sales tax revenue point to consumers being in good heart. Seasonally adjusted retail card spending jumped 16.3 percent in June compared to M...

Election 2020
ELECTION 2020: Boag quits Nats; confirms more patient leaks
Victoria Young | Fri, 10 Jul 2020

Long time National Party member Michelle Boag has quit the organisation and admitted she sent patient details to opposition immigration spokesperson Michael Woodhouse.Woodhouse, in a statement, said h...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.

Sponsored: What’s next for the future of the office?

Think everyone is going to keep working from home? No so fast, says Milford Asset Management.