26 Feb 2010

Healthcare equipment supplier on the up

6:07 am on 26 February 2010

Ebos Group has lifted its half-year profit by a more than a third, having streamlined its operations and reduced debt.

The healthcare equipment supplier made a record profit of $11.7 million in the six months to December, an increase of 38% on the same period a year earlier.

Gross earnings rose 18% to $21.4 million.

Managing director, Mark Waller, says its healthcare and scientific equipment operation increased profitability, while its Australia operations - which contribute about 11% of earnings - recorded strong growth.

Mr Waller says the improvement is mainly due to implementing new cost-effective systems on steady sales, and Ebos is now in a good position to expand.

Analysts are picking the company's full-year profit to rise 18% to about $23 million, which Mr Waller says he's comfortable with.

Ebos will pay an increased dividend of 13.5c a share.