Abano Healthcare, the listed healthcare investor, said first-half profit may rise 40 per cent even in the face of a weak Australian dollar and tepid economic growth across the Tasman.
Net profit will be in a range of $3.2 million to $3.7 million in the six months ended November 30, up from $2.3 million a year earlier, chairman Trevor Janes told shareholders at the company's annual meeting.
Revenues would be $113.6 million to $115.6 million, up from $106.1 million.
Abano got 52 per cent of earnings in overseas markets in 2014, of which 96 per cent was generated in Australia. "Our businesses are progressing well in the first half of the 2015 year, despite the soft Australian economy and the continuing weakness of the Australian dollar against the NZ dollar, which is higher in the first half of FY15 than it was in the first half of FY14," Janes said.
The company has a "good acquisition pipeline" for dental practices, which it sees as one of its growth engines, and Janes said Abano should meet its full-year target for acquisitions.