22 Aug 2009

Ebos profit rises to $19.5m

7:02 am on 22 August 2009

Stronger sales on both sides of the Tasman and a reduction in costs have boosted the full year profit of healthcare equipment supplier EBOS Group.

The company made a record profit of $19.5 million in the year to June, an increase of 19% on the previous year.

Gross earnings rose 15% to just under $39 million on stronger performances from its healthcare businesses, while the company cut costs on wholesale and logistics operations.

Income from its scientific equipment operation fell as capital spending was tightened up.

Strong cash flows meant the company was able to reduce bank debt to below 20%.

EBOS managing director Mark Waller says the company is well positioned to continue to expand, including in Australia.

The company will pay an increased dividend of 14.5 cents a share.