Medical equipment supplier Ebos Group Ltd has reported increases in all measures of profits and says its business is in the best operating shape in its corporate history.Normalised net profit after tax rose 28.8 percent and earnings before interest, tax,
Medical equipment supplier Ebos Group Ltd has reported increases in all measures of profits and says its business is in the best operating shape in its corporate history.
Normalised net profit after tax rose 28.8 percent and earnings before interest, tax, depreciation and amortisation rose 18.2 percent.
This enabled directors to declare a final share distribution of 17.5c a share, up three cents from last year. Shareholders can have the shares purchased back by the company for cash.
"Ebos and its subsidiary companies are in the best operating shape in their corporate history," the company said.
"This, coupled with a long term stable executive team, excellent partnerships with suppliers and customers, and an ungeared balance sheet, provide the impetus to allow for significant future growth," it added.
The New Zealand healthcare business has benefited from an increased focus on more technical medical devices and growth in the aged care sector and this is where the company will concentrate future investment.
Revenue rose 2.1 percent to $1.37 billion.
The company announcement post balance date that is selling its scientific portfolio of companies.
It said this marks an important phase in its strategy to take value for shareholders when the market timing is right.
