Subscribe


PD breaking news – API issues profit upgrade

Strong sales drive increased profit forecast for API.

Australian Pharmaceutical Industries is forecasting an underlying net profit after tax for the year to 31 August of up to $31.5 million, representing an increase of move than 30% on the previous year.

The upgrade is from previous guidance predicting a result of $28m-$30m, with both Priceline and Priceline Pharmacy recording comparable store sales growth of 6% during the year.

The year has also seen a net growth of 27 stores, lifting the Priceline network to 390 shops, and Pharmacy Distribution has achieved underlying sales growth of 11.9% after adjusting for the effect of PBS reforms.

API has also delayed the roll-out of its new OneERP (SAP) program, with a go-live date now planned for the first quarter of calendar 2015, in order to “safeguard the current sales momentum during the Christmas period.

“The company has taken a conservative view in relation to the timing of the roll out to ensure no disruptions to this important trading period for both API and its Franchise Partners,” the company said.

More information in today’s Travel Daily.


The above Breaking News Alert was sent to Pharmacy Daily subscribers on 03 Sep 14

Make a comment...



Established in 2007, Pharmacy Daily is Australia's leading pharmacy industry publication, and is sent as a free subscription to people across the industry as a PDF newsletter every weekday.

Register for Pharmacy Daily trial subscription

To sign up for a free subscription, click on the button at right.

Click here to see a sample issue of Pharmacy Daily.

Click here for more information on subscriptions.

Alternatively, you can search our site via the search box on the right hand side of the page, or find other content below.

Recent Pharmacy Daily articles

16 Jan

Guild Update 16 Jan 18 - MEDSASSIST - the real time recording system ...


16 Jan

Dispensary Corner 16 Jan 18 - IF IT'S true that smoking can stunt ...


16 Jan

Another AD drug fail - EVER elusive, yet another drug that showed ...


16 Jan

PBA call for board members - THE Pharmacy Board of Australia is currently ...


16 Jan

Busting for a script? - PATIENTS visiting the Chemist Warehouse pharmacy in ...


16 Jan

New Arrow items - ARROW Pharmaceuticals has announced the launch of ...


16 Jan

Blockchain an answer - TECHNOLOGY research and development standards group IEEE ...


16 Jan

Apr price disclosure - THE Therapeutic Goods Administration has published its ...


16 Jan

Rural stroke risk - NEW Australian research published in the MJA ...


16 Jan

Creso expansion - ASX-LISTED cannabis company Creso has announced its ...


16 Jan

E-cigarette research boost - IN WHAT could prove to be a ...


16 Jan

Fred IT links with AMH - FRED IT Group and the Australian Medicines ...


15 Jan

Weekly Comment 15 Jan 18 - WELCOME to PD's weekly comment feature. This ...


15 Jan

Dispensary Corner 15 Jan 18 - THE animal cuteness scale has just been ...


15 Jan

Dr shopper home-cooker arraigned - A PERTH woman, who's identity changed frequently ...


15 Jan

Brenzys guide - BIOSIMILAR Brenzys (etanercept) from MSD Australia is ...


15 Jan

Nicotine in pregnancy - NICOTINE replacement therapies such as nicotine gum ...


15 Jan

Black triangle details - THE Therapeutic Goods Administration has posted information ...


15 Jan

Nurse issued Stilnox - DAVID Cain, a credentialed mental health nurse ...


15 Jan

Pharmaceutical calcs - THE fifth edition of Pharmaceutical Calculations has ...



Show Pharmacy Daily items by month: