ANNOUNCEMENT TO THE ASXIBA Upgrades Profit Guidance for 2006 by...

ANNOUNCEMENT TO THE ASX
IBA Upgrades Profit Guidance for 2006 by over 30%
Sydney – 2 May 2006 – IBA Health Limited (ASX:IBA) Australia’s largest ASX listed eHealth
company today announced that it has upgraded its revenue and net profit guidance for the 2006
year as follows:
Full Year 2006
$Millions
Comparison to
previous guidance
March 2006
Sales 55 - 57 Up 10%
Net Profit Before Tax
(before one off restructuring charge)
17.5 - 18.5 Up 25 - 32%
One off restructuring charge 3.5 No change
Net Profit Before Tax 14 - 15 Up 33 - 43%
Normalised NPBT
(with annualised savings from restructuring)
22 - 23
Gary Cohen Executive Chairman of IBA Health said “The Company’s strategy of expanding its
international operations through increased sales focus is improving the quality of our earnings and
is having a positive impact on IBA’s revenue and profit.
“Our increasingly strong balance sheet and our ability to make additional acquisitions will ensure
we are well positioned for strong earnings and dividend growth” concluded Mr. Cohen.
End of release
For further information contact:
Gary Cohen
Executive Chairman
IBA Health Limited
Phone: +61 2 8251 6700
Email: [email protected]