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Ebos profit steady

By Phil Boeyen, ShareChat Business News Editor

Wednesday 23rd August 2000

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Listed healthcare distributor Ebos says its latest $4.238 million profit result shows the merits of its philosophy to expand its revenue base.

The tax paid profit figure is a slight dip on last year's $4.250 million, but the company says it has managed the similar result in spite of a weak dollar and challenging trading conditions.

Ebos says the benefit of new initiatives such as the acquisition of 50% of Health Support Limited, and the full acquisition of Maygar Medical (Brisbane) and Medic Corporation provide a very good foundation for strong profit growth for the future.

The directors says they are pleased with progress in all businesses, not withstanding the currency impact in an industry that cannot absorb the full flow on effects of price adjustments in a short time frame.

Ebos is setting a final dividend 6.5 cents. Last year's final dividend was 9 cents per share.

Ebos shares closed 21 cents down on Wednesday at $3.55.

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