UPDATE: Abano expects annual net profit to fall about 12%

Mon, 25 Mar 2019

(Updates share price in 5th paragraph, adds company comment from 7th paragraph, updates practice number in 20th paragraph.) By Jenny Ruth March 26 (BusinessDesk) - Abano Healthcare is forecasting annual net profit will fall 12.6 percent amid “challenging” conditions in Australia which have halted its purchases of new dental practices across the Tasman. The company says it expects earnings before interest, tax, depreciation and amortisation for the year ending May will rise about 1.9 percent to $33 million but bottom-line profit will fa...

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