Subscribe


PD breaking news – API posts $114.9m statutory loss

API’s half year results show a statutory loss of $114.9m after impairment charge.

Australian Pharmaceutical Industries Ltd (API) posted a statutory loss of $114.9m in its half year results, following an impairment charge of $131m (PD 17 Apr).

The company said underlying net profit after tax was $16.2m, up 29% year on year, with Priceline Pharmacy reporting overall sales growth of 11.5% and gross profit up by $6.2m.  Store numbers were up 10 from the full year to 373.

API’s pharmacy division had underlying sales growth of 8%, excluding Pharmaceutical Benefits Scheme reforms, and gross profit margins were up year on year to 8.9%, but the sector saw a $575m revenue loss for the year so far, API ceo Stephen Roche said.

The Board said it would pay a fully franked interim dividend of 1.5 cents per share on 06 Jun.

API said it expected an underlying net profit after tax for the full year of around $28 to $30m, and expected to “sustain improvements in earnings performance”, thanks in part to an increased contribution from an expanding Priceline network.

For more, see tomorrow’s Pharmacy Daily.


The above Breaking News Alert was sent to Pharmacy Daily subscribers on 30 Apr 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

17 Aug

Travel Specials 17 Aug 17 - WELCOME to Pharmacy Daily's travel feature. Each ...


17 Aug

Dispensary Corner 17 Aug 17 - HAVING silky smooth tresses is probably the ...


17 Aug

Tobacco reengineered - A RELATIVE of the tobacco plant has ...


17 Aug

New hearing standards framework - THE Federal Government has announced it is ...


17 Aug

Which pregnancy supplements? - THE Queensland Department of Health has issued ...


17 Aug

Insurance submission - THE Pharmacy Guild has made a submission ...


17 Aug

Allergy relief - VICTORIAN researchers from the Murdoch Childrens Research ...


17 Aug

$99m from Oct cuts - PRICE reductions due to the 01 Oct ...


17 Aug

Pharmacist’s stiff penalty - THE Supreme Court of New South Wales ...


17 Aug

Guild showcases pharmacy - THE Pharmacy Guild has launched what it's ...


16 Aug

Go natural from top to toosh – GAIA - GAIA Natural Baby now offer the full ...


16 Aug

Miracle Gel Rustic Charm Collection - SALLY Hansen's Miracle Gel Rustic Charm Collection ...


16 Aug

Super Flavoured Spirulina - NATURE'S Way Super Flavoured Spirulina is a ...


16 Aug

Facial Moisturiser for Fathers’ Day - SUKIN Facial Moisturiser is an easily absorbed, ...


16 Aug

Dispensary Corner 16 Aug 17 - COP an eyeful of this - an ...


16 Aug

Monash pharmacy milestone - MONASH Pharmacy and Pharmaceutical Sciences is celebrating ...


16 Aug

Aged care data site - THE Health Department has launched a new ...


16 Aug

Immunisation success - A new study reported in the Clinical ...


16 Aug

Atozet/Zeteze AusPAR - MERCK Sharp & Dohme's Atozet/Zeteze (ezetimibe and ...


16 Aug

South Pacific pharmacists strike - AUSTRALIA'S Department of Foreign Affairs and Trade ...



Show Pharmacy Daily items by month: