Ebos lifts interim profit by 29% as Masterpet performs

Ebos Group, the healthcare and animal care products company, lifted first-half profit by 29 percent on the contribution of its Masterpet business, acquired a year earlier. The first-half dividend has been bumped up 30 percent.

Profit was $14.6 million, or 29 cents a share, in the six months ended December 31, from $11.6 million, or 22 cents, a year earlier, the Christchurch-based company says in a statement. Sales rose 9.4 percent to $755 million.

Ebos, which built a successful business distributing products such as health consumables, diversified its earnings in December 2011 with the acquisition of Masterpet for $105 million plus debt. It was the company's biggest deal and gave it a suite of brands, including Procter & Gamble pet care, Eukanuba and IAMS pet food, and the Vitapet grocery brand.

Sales from animal care jumped to $81 million from $15.5 million, generating earnings before interest, tax, depreciation and amortisation of $9.4 million from about $1.9 million a year earlier, when it did not get a full six-month contribution. Animal care's result met company expectations, the company says.

Healthcare sales were little changed at $673 million, generating EBITDA of $19.6 million, up from about $19 million a year earlier.

The company lifted its interim dividend by 4 cents to 17.5 cents payable on April 3 to shareholders on the register as at March 8.

Ebos says it is evaluating new acquisitions and anticipates "a strong full-year result".

The shares rose 1.1 percent to $8.90.

(BusinessDesk)


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6988 -0.0014 -0.20%
AUD 0.9196 0.0011 0.12%
EUR 0.6098 -0.0004 -0.07%
GBP 0.4784 -0.0007 -0.15%
HKD 5.4214 -0.0067 -0.12%
JPY 74.4710 0.1200 0.16%

Commods

Commodity Price Change Time
Gold Index 1292.7 26.930 2016-04-29T00:
Oil Brent 47.4 0.530 2016-04-29T00:
Oil Nymex 45.9 -0.080 2016-04-29T00:
Silver Index 17.8 0.269 2016-04-29T00:

Indices

Symbol Open High Last %
NZX 50 6820.6 6820.6 6820.6 -0.42%
NASDAQ 4805.8 4807.9 4805.3 -0.62%
DAX 10235.5 10252.1 10321.1 -2.73%
DJI 17813.1 17814.8 17830.8 -0.32%
FTSE 6322.4 6322.4 6322.4 -1.27%
HKSE 21215.2 21235.4 21388.0 -1.50%
NI225 16357.1 16357.1 16666.0 -3.41%

Most listened to

What's the story behind the story? Our special feature audio offers a mix of comment from journalists, experts and panel discussions.
  1. Jason Paris on Lightbox, and avoiding the 'race to the bottom'
  2. The idea Hilary Barry’s resignation will result in boardroom bloodshed is arrant nonsense, says NBR’s Nick Grant
  3. The Icehouse’s Andy Hamilton says GIVs should attract American billionaires like Julian Robertson
  4. Nevil Gibson discusses the spiralling descent of the Venezuelan economy in his latest Editor’s Insight
  5. Rob Hosking on what to expect from this week's unemployment data