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...

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