Terry White earnings soar
March 10, 2016
TERRY White Group Limited
(TWG), the parent of the Terry
White Chemists and Chemplus
franchise brands, has announced
earnings before interest, tax,
depreciation and amortisation of
$3.59 million, up 371%.
Net Profit After Tax (NPAT)
increased by 921% to $1.53 million.
Retail sales through Terry White
Chemists increased 18% on a
like-for-like basis, significantly
outperforming the industry
average, while the overall network
grew to 225 stores including the
Chemplus acquisition.
TWG declared an interim
dividend of 3 cents per share
which was consistent with previous
corresponding period.
Terry White Group ceo Anthony
White said, “Over the last few years
we’ve invested in our core retail
capabilities like systems, loyalty and
private label to drive retail sales.
“It always takes a while, but
now we are seeing the benefits of
this investment. Retail sales are a
growing component of total sales
and now comprise almost half
of total network sales, providing
the pharmacy owners with a solid
revenue stream to offset the effects
of reforms to the Pharmaceutical
Benefits Scheme.”
White added that the increase in
EBITDA was supported by a growing
and diversified revenue stream
which was further supplemented
by the acquisition of Chemplus
during the period.
Further he explained that revenue
from the company’s private label
strategy positively contributed to
the strong growth compared to the
prior period.
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