Services

ANALYSIS: Questions over Abano's Australian operations as sales slump continues

Jenny Ruth
Tue, 30 Jul 2019

By Jenny Ruth July 31 (BusinessDesk) - Abano Healthcare continues to do it tough in Australia where, even though it’s the second-largest corporate player, it has less than 2 percent of the market. Its annual sales across the Tasman haven’t grown since 2012 and appear to be getting worse; a 1.6 percent fall in same-store sales in the nine months ended February turned into a 2.9 percent decline for the year ended May. Abano has acknowledged some of that rot is permanent because it wrote off $2.6 million in goodwill relating to four of it...

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