31 Oct 2012

Abano profit expected to double

7:03 am on 31 October 2012

Abano Healthcare is confident of raising its full year profit, but says it's concerned about the impact of the weakening Australian economy on the discretionary spending of its customers.

The company is forecasting a first half year profit of $1.3 million to $1.8 million, compared with $600,000 for the same period last year.

Chief executive Alan Clarke said the group is focusing on businesses that are not dependent on Government funding because it is unpredictable.

The company is also merging two radiology businesses on 1 November.