Half-yearly profits of Abano Healthcare have gone down and the company says that the conditions are still very challenging and would be the same.

For six months ending November, the listed firm saw its profit at $2.8 million, 1/5 of the same last year. Revenues also declined by 15 per cent to be at $86.7 million.

According to a recent report, Abano Healthcare has declared its profit for the year, which ended in May, to be $4.4 million.

However, the profit of the specialist medical Company has witnessed a reduction of 50% as compared to the previous year.

The reason behind it is the alterations in the ACC and the sale of its Bay Audiology venture in New Zealand in last November.