Abano's bottom line fell sharply but results at top end of forecasts

Sun, 29 Jul 2012

July 30 (BusinessDesk) - Abano Healthcare Group's annual bottom line fell sharply but its results were near the top end of its forecasts. Net sank to $1.6 million in the year ended May 31 from $11.5 million a year earlier, when it included a $12.3 million gain from selling its National Hearing Care stake, the health services company said in a statement. Earnings before interest, tax depreciation and amortisation (EBITDA) rose 30 percent to $25.7 million while revenue climbed 18 percent to a record $206.4 million. In March, Abano predicted a...
Economy
BRIAN GAYNOR: Aluminium smelter reaches use by date
Brian Gaynor | Sat, 11 Jul 2020

The negative market reaction to Rio Tinto’s announcement that it was winding down the Tiwai Point aluminium smelter was overdone, particularly for investors with long-term perspectives. The smelter...

Markets
MARKET CLOSE: NZ shares fall as energy sector sell-off continues
Dan Brunskill | Fri, 10 Jul 2020

New Zealand shares fell as energy stocks declined for a second day following the announcement Rio Tinto’s New Zealand aluminium smelter will close. Chorus led the market lower on the risk of more r...

Finance
Metlifecare and EQT enter new $6 per share takeover agreement
Jenny Ruth | Fri, 10 Jul 2020

Metlifecare said it has entered into a new scheme of arrangement with Swedish company EQT to buy all its shares for $6 each, a dollar less than the earlier deal EQT had repudiated, but only four of th...

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