UPDATED Abano says full-year earnings before minorities to beat Grant Samuel estimate

Tue, 18 Mar 2014

(Recasts to reflect company explanation of profit figures) March 19 (BusinessDesk) – Abano Healthcare says annual profit before minority interests will exceed the estimate in a Grant Samuel report given last November when the healthcare investor was fending off a proposal from a hostile shareholder. The Auckland-based company gave the guidance in a market update. Net profit after minority interests would be between $4.5 million and $5 million in the year ending May 31. The Grant Samuel report gave a profit forecast of $5.4 million, although t...

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