THE founders of Chemist Warehouse (CW) have reaped more than $360 million in dividends in the last year or so, according to new financial statements lodged with ASIC.
The Gance and Verrocchi families received $264 million in payouts in the 2023 financial year, with a further $100 million dividend declared in Oct, the figures showed.
Net profit for the 12-month period was $302 million, down 22% on the prior year due to a $250 million increase in cost of sales, reported The Australian.
Notes to the accounts confirm purchase commitments in the first year of Chemist Warehouse's new Sigma Healthcare deal (PD 06 Jun) amount to $3 billion.
The financial report noted CW's international expansion during the year, including new stores in New Zealand, Ireland and China.
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