CORRECT: Abano achieves second year of 75% profit growth

Mon, 28 Jul 2014

(Corrects underlying profit, sales in second paragraph of story that first ran July 28) 28 (BusinessDesk) - Abano Healthcare, the medical investor that fended off a hostile takeover from its biggest shareholder, posted a 75 percent jump in full-year profit, beating guidance and allowing it to maintain dividend payments for a sixth straight year. Net profit jumped to $4.9 million in the 12 months ended May 31, from $2.8 million a year earlier, the Auckland-based company said in a statement. Underlying profit, which excludes one-time items...

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