28 Mar 2013

Abano Healthcare expects profit rise

8:07 am on 28 March 2013

Abano Healthcare says it expects to have made a profit of $2.3 - $2.8 million for the year to the end of May, compared with $1.6 million last year.

After selling Abano Rehabilitation last June, the company says it expects revenues to grow slightly to $207 - $209 million.

The listed healthcare investor and operator expects an underlying profit of $4.1 million - $4.6 million.

The company says it has continued its growth and investment strategy, with an accelerated dental acquisition programme in New Zealand and Australia, and investment into its Auckland-based radiology business.