Company news: Paragon Care
Paragon Care provided an update in relation to its expected FY-16 earnings.
Revenue and net profit for the financial year are expected to increase 188% and 204% respectively (as compared to FY-15). Organic growth, as well as recent acquisitions, have driven the increase. Earnings per share is expected to come in between 4.7 and 4.9 cents per share, a 47% increase.
This is a very positive announcement from the company. It confirms that the company it on track to successfully integrate its past substantial acquisitions, and provides confidence that it can continue to participate in the ongoing consolidation expected in the medical supplies sector.