Abano Healthcare Group Interim Results to 30 November 2010

Listed healthcare investor and operator, Abano Healthcare Group, today reported its results for the six months to 30 November 2010. The results, based on unaudited management accounts for the six months ended 30 November 2010, show Revenues of $86.7 million, Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of $9.4 million and Operating Net Profit After Tax (Operating NPAT) of $2.2 million.

Excluding the recent IFRS changes, underlying earnings provided an EBITDA of $9.9 million and a NPAT of $2.8 million. The previous year’s first six month result also included the operations of Bay Audiology in New Zealand, which was sold during the period for a net gain on sale of $76.6 million.

ENDS