Ebos’ strong first-half result shines amid downbeat gloom

Ebos’ strong first-half result shines amid downbeat gloom
CEO John Cullity is confident Ebos can continue to win market share. (Image: NZ Herald)
Jenny Ruth
Amid a sea of disappointing results and downbeat guidance from companies in this reporting season, the Ebos result stood out.Its 30% jump in first-half net profit of A$132.2 million (NZ$145.1m) was boosted by its A$1.23 billion purchase of the LifeHealthcare businesses in May last year, but the results showed strong growth from its existing businesses as well.Investors responded by pushing the share price up as much as 4.3%, or $1.84, to $44.89, and the shares later closed at $44.45.But one consequence of the acquisition was that the company&rs...

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