PARAGON CARE LTD. : Half Year Results December 2011
23.05.12
27th February 2012
Australian Securities Exchange
Company Announcements Office
PARAGON CARE LIMITED (ASX: PGC) HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2011 The Directors of Paragon Care Limited (ASX: PGC) are pleased
to report that the Company achieved a net profit of $213,073
for the six months ended 31 December 2011, an increase of
19% over the same period in 2010. Operating profit (EBITDA)
increased by 22% to $620,746 from a 30% increase in revenue
to $9.9 million.
The result reflects a marked change in the structure of the
Company following the sale of the aged care services
businesses (Lifetime Planning and Tender Living care) and the
acquisition of GM Medical.
GM Medical has been successfully integrated into the group
and is now benefitting from a renewed marketing focus. A
number of sales opportunities have been identified throughout
Australia and the
Source: 4-traders