22 Dec 2012

Abrano Healthcare shares rise on back of profit

10:19 am on 22 December 2012

Shares in Abano Healthcare have risen more than 4% after the group more than doubled its half-year underlying profit to $2.7 million for the six months to the end of November.

Chief financial officer Richard Keys says the group's dental businesses on both sides of the Tasman have performed strongly.

Mr Keys says that, during the six-month period, the healthcare company added 19 dental practices to its books and together those were bringing in about $17 million in annualised gross revenue.