UPDATE: Ebos shares hit record on promise of increased earnings

Thu, 22 Aug 2019

(Updating to add share price reaction in lead, 7th par) By Jenny Ruth Aug. 22 (BusinessDesk) - Ebos shares hit a record after it promised “a significant increase” in earnings this year following a flat result for the year ended June. Annual net profit rose to $137.7 million from $137.3 million the previous year while sales fell 0.8 percent to $6.93 billion, reflecting lower hepatitis C medicine sales in Australia and the impact of reform of Australia’s pharmaceutical benefits scheme. Combined, those two causes reduced revenue by $42...

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