Abano Healthcare's half-year profit has fallen, and the company says conditions remain challenging.
The listed company made an underlying profit of $2.8 million in the six months to the end of November, a fifth less than in the same period last year.
Revenue fell more than 15% to $86.7 million.
Abano chairperson Alison Paterson says trading conditions were challenging in the first half of the year, and consumer and business confidence remains subdued going into the second half of the year.
The company's share price fell 2c to $4.85 on Tuesday.