Pacific Smiles Group Ltd shares climb higher on results release

In early afternoon trade the Pacific Smiles Group Ltd (ASX: PSQ) share price has pushed higher and is up 3% to $1.95.

This brings its one-month return to in excess of 16%.

Why are its shares higher?

This morning the dental centre operator announced its full-year results which revealed a 6.3% increase in underlying EBITDA to $20.9 million.

Key to this growth was the opening of 12 new dental centres, comprising 11 Pacific Smiles Dental Centres and 1 NIB Holdings Limited (ASX: NHF) Dental Care Centre.

This brought the total number of centres under operation to 70 and led to a 9.8% increase in patient fees generated by dentists working at dental centres owned and operated by Pacific Smiles.

Another key metric that stood out was its Same Centre Patient Fees, which grew 3.9% year-on-year.

Pacific Smiles declared a final dividend of 3.7 cents per share fully franked, bringing its full-year dividend to 5.9 cents per share.

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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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