Abano Healthcare posts 8% profit growth

Published: Fri 19 Dec 2008 03:31 PM
Abano Healthcare posts 8% profit growth on demand for clinics
Dec. 19 – Abano Healthcare Group posted an 8% gain in first-half profit, showing demand for specialist health services is relatively resilient in an economic downturn.
Net profit rose to NZ$4.1 million in the six months ended Nov. 30, from NZ$3.8 million a year earlier, the company said in a statement. Revenue jumped 44% to NZ$86.1 million.
“Although healthcare is reasonably protected from economic changes, we are mindful that the extent of the downturn is unprecedented and it represents a material risk factor for all New Zealand businesses,” chairman Alison Paterson said.

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