28 Jul 2010

Abano share price unchanged

12:27 pm on 28 July 2010

Investors are unmoved by a lower full year profit at Abano.

The listed healthcare company's stock is unchanged at $5.30 per share on Wednesday after underlying profit fell 55% to $4.4 million in the year to May.

If a one-off gain from the sale of its audiology business is included, Abano made $77 million.

The company says its core business is growing strongly and it continues to view Asia as its best bet to expand.