Abano earnings improve slightly; Australian sales keep falling

Mon, 25 Nov 2019

Abano Healthcare's operating profit in the year to date was slightly ahead of the prior year with New Zealand sales marginally higher but Australian revenue continues to decline, according to chief executive Richard Keys. Earnings before interest, tax, depreciation and amortisation, and before the impact of the new lease accounting standard, were $14.4 million for the five months ended October, the dental practice aggregator told shareholders at today's annual meeting. Lumino, the New Zealand dental business, has a strong local and intern...

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