Abano's annual net profit plummets 26% and it slashes final dividend

Mon, 29 Jul 2019

By Jenny Ruth July 30 (BusinessDesk) - Abano Healthcare’s annual net profit dropped 26 percent, reflecting falling margins in both New Zealand and Australia and as it wrote off goodwill on four Australian dental practices. The company also slashed its final dividend to 8 cents per share from 20 cents last year, taking the annual payout to 24 cents, down from 36 cents – Abano had held its first-half dividend steady at 16 cents. The corporate dental group’s net profit fell to $7.6 million in the year ended May from $10.3 million the pre...

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