Ebos's cash flow, balance sheet strong enough for dividends and acquisitions, Davies says

Tue, 23 Feb 2016

By Jonathan Underhill Feb. 24 (BusinessDesk) - Ebos Group's businesses are spinning out enough cash that the animal and healthcare company can continue to make acquisitions and invest to grow, while meeting its target for returns to shareholders, said chief executive Patrick Davies. Ebos stock rose 4 percent to $14.25 after the Christchurch-based company posted a 19 percent gain in first-half profit to $64 million and declared a bigger-than-expected interim dividend. The stock is up 41 percent in the past 12 months. The first-half resu...

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