Paragon Care Limited
(ASX:PGC) is expecting strong financial results for FY2016.
Based on its unaudited management accounts, the company says that its Net Profit After Tax will be between $6.4 and $6.7 million, which is a 200% increase compared to last financial year’s results.
Also, its revenue will be around $93 million, which is a 188% increase, compared to revenues from the last financial year.
The medical company expects to declare a fully-franked final dividend, in line with a 40% to 50% dividend payout ratio.
Paragon Care reported a net profit of $2.64 million at 31 December 2015.
