Company posts net profit after tax of $149,000.
Terry White Chemists Group Investments Limited (TWC GIL) has posted net profit after tax of $149,000 for the first half of the 2015 financial year.
This is up from a loss of $550,000 in the first half of the 2014 financial year.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) was $764,000, up 113% year on year, the company said.
TWC GIL previously indicated EBITDA was expected to be between $0.4m and $0.6m (PD 17 Feb).
Total operating revenue for the half was $22.9m, up 16% year on year.
The company said the “strong results” had been driven by increased revenue streams from ownership of the Terry White Chemists brand, increased efficiencies in the Group’s management function and contributions from various initiatives.
For more, see tomorrow’s Pharmacy Daily.