UPDATE: Ebos sees room for further acquisitions despite jump in gearing, capex

Wed, 23 Aug 2017

(Recasts, adds comment from CEO Davies, updates shares) By Jonathan Underhill Aug. 24 (BusinessDesk) - Ebos Group posted a 4.9 percent gain in annual profit and raised its final dividend saying it has room to make further acquisitions despite an increase in gearing that followed the debt-funded purchase of pharmacy outsourcing firm HPS. Net debt climbed to $435 million in 2017 from $248 million in the previous year while gearing rose to 27.4 percent from 18.5 percent, according to Christchurch-based Ebos's annual accounts. Net debt to...

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