With earnings season now seemingly in overdrive, it is understandable that a number of results may have slipped under the radar today.
Two which I think are worth taking a look at are listed below. Here's what they delivered:
The Apiam Animal Health Ltd (ASX: AHX) share price climbed almost 8% to 77.5 cents after the veterinary products provider posted full-year underlying EBITDA of $8.3 million on revenue of $98 million. This hit the upper end of the guidance the company provided in May and came courtesy of a strong second-half.
Pleasingly, management has a positive outlook for FY 2018 and believes that it has moved beyond the industry issues that impacted the company's performance in the first-quarter of FY 2017. Whilst things do look to be improving, I would sooner invest in Greencross Limited (ASX: GXL) or National Veterinary Care Ltd (ASX: NVL) at this point.
The Regis Healthcare Ltd (ASX: REG) share price tumbled almost 2% to $3.69 after the aged care operator announced its full-year results. Investors clearly weren't overly impressed with the company's 8% increase in net profit after tax to $61.1 million.
Profit growth was far slower than that of rival Estia Health Ltd (ASX: EHE) which reported an impressive 47% increase in net profit after tax yesterday. But given the tailwinds of Australia's ageing population, both companies could be in position to deliver a solid FY 2018 in my opinion.
