Abano board mulling ways to weather covid-19

Mon, 20 Apr 2020

Abano Healthcare’s board is looking to ensure it has enough resources to survive the covid-19 pandemic, which has forced it to close its Australasian dental chains.The company said it is in talks with its bank over its future needs. It had net debt of $130 million at March 30, with total facilities of $163 million.The board hasn’t changed the dividend policy but doesn’t anticipate making any cash returns in the 2020 and 2021 financial years.Revenue has been negligible since the closures, and Abano forecasts underlying earnings...

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