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ElderCare revises profit forecast

Listed healthcare provider, ElderCare New Zealand Limited, today announced an increase in its twelve-month forecasts to 31 May 2003.

The revised forecasts show revenues projected to exceed $56.0 million, up from $51 million; EBITDA to improve to $8.8 million, up from $7.9 million and NPAT to improve from $1.0 million to $1.4 million.

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