IBA Health upgrades profits

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IBA Health upgrades profits

E-health provider IBA Health has announced a profit upgrade following a slew of recent international deals.

E-health provider IBA Health has announced a profit upgrade following a slew of recent international deals.

The company has upgraded its profit guidance for 2006 with net profits before tax increasing 33 to 43 percent to a forecast of $14 to $15 million.

Sales are also forecast to rise 10 percent to $55 to $57 million.

Executive chairman Gary Cohen said in an ASX statement that the company’s strategy of expanding its international operations through an increased sales focus had improved the quality of its earnings.

“Our increasingly strong balance sheet and our ability to make additional acquisitions will ensure we are well position for strong earnings and dividend growth,” he said.

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