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Ebos eyes expansion

By Phil Boeyen, ShareChat Business News Editor

Friday 24th August 2001

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Healthcare distributor Ebos (NZSE: EBO) has lifted profit by 22% and says it's evaluating a number of growth prospects in both New Zealand and Australia.

Net earnings for the year ended June were $5.18 million, up from last year's $4.24 million result. Sales rose $26 million to $106.8 million.

The company says it produced record earnings before interest and tax of $9 million, including a 50% share of Health Support Ltd earnings which returned a $1.252 million pre tax-profit for our half share.

"Other highlights have been the positive cash flow, in part from premises rationalisation which has allowed repayment of debt totalling $4.2 million, and the strong growth in earnings per share," the company says.

Ebos says it has been focused on integrating the Medic acquisition before proceeding with growth initiatives.

"With this project now completed we are evaluating a number of exciting new growth prospects - both in Australia and New Zealand."

A final dividend of 7.5 cents per share has been declared to bring the year's total to 14 cents, 1 cent higher than last year's payout.

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