Abano Healthcare Group today upgraded its revenue and profit guidance saying it had got better than expected performance from recent acquisitions in its diagnostics, dental and audiology sectors over the past two months.
Revenues for the full year are now expected to be $90 m to 90.4 million(previously $85m-87m) and earnings before interest, tax, depreciation and amortisation of $13.7m to $14.1m (previously $12m-13m) and net profit after tax $4.9-5.1m (previously $4.2-4.7m).
Managing director Alan Clarke said Abano had made excellent progress over the past few months, both in improving operational performance and with the integration of the recent acquisitions.
During the last two months of the financial year, Abano made several acquisitions including two dental clinics in New Plymouth, and two audiology clinics in the Waikato and in Taranaki.
These followed the acquisition of a second radiology business in February.
Abano shares were down 2 cents to $3,27 in a strong market. They have risen from $1.07 a year ago.
