27 Aug 2010

Cost cutting and sales help Ebos profit

9:08 am on 27 August 2010

Strong sales and cost cutting have helped the healthcare equipment supplier Ebos Group to post a record profit.

The company made $23.4 million in the year to June, up almost 20% on the previous year.

Revenue rose 2% to $1.4 billion.

Managing director Mark Waller says the result reflects efficiency gains and ongoing investment in automation and technology, and strong profit growth from its Australian operations.

The company will pay an improved dividend of 17.5 cents a share.

Earlier this month EBOS sold its scientific equipment arm to an American firm for an undisclosed amount, a deal which it said would leave it debt free.