1300 Smiles (ASX:ONT) rebounds after lockdown

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/276549/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/Headlines03_360_200811.jpg’]

1300 Smiles (ASX:ONT) emerged from the Covid-19 shutdown reporting net profit down 8 per cent to $7.1 million on sales down 3 per cent to $57.1 million.

Revenue down is down 3 per cent to $57.1 million with EBITDA up 22 per cent to $16.2 million.

Dr Daryl Holmes the chief executive of dental business described the results as a ‘startling change’, with a business that has rebounded to ‘higher levels of revenue and profit than ever before’.

It will pay a final dividend flat at 12.5 cents per share to take full year dividends up 3 per cent to 25.75 cents per share.

Shares in 1300 Smiles (ASX:ONT) are trading 3.28 per cent higher at $6.30.

Copyright 2020 – Finance News Network

Source: Finance News Network