Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Pharmacybrands Limited: Half Year Result

Pharmacybrands Limited: Half Year Result
Auckland, 28 November 2012 Pharmacybrands half year result

Click Here to Read the Full Announcement.pdf

Business Highlights

The company continued its expansion plans, investing in four medical centres and three pharmacies during the period. Many of these acquisitions were settled late in the period so the earnings impact has therefore been minimal. Earnings growth versus the same period last year was affected by one off write downs and acquisition costs having an NPAT impact of $1.1 million last year. In the current six months we have also seen cost savings due to central office consolidation following last year’s Radius acquisition. The strength of our pharmacy franchise group remains a big focus and we have developed further services to assist franchisee pharmacy revenue growth.

“The company has continued to introduce new professional services within pharmacy, taking advantage of the rescheduling of an antibiotic so as to allow prescribing by trained pharmacists. In addition we trained an additional 160 pharmacists to administer flu vaccinations next winter”, says Chief Executive, Alan Wham.

“We have further invested in IT infrastructure through consolidating our e-commerce platforms and, most importantly, developing our customer relationship management to extend our loyalty capability and reach. We intend to use this technology through our network to target consumers based on their purchase history. This will allow the company to increase the electronic component of its marketing mix over time.”

Total pharmacy and medical centre revenue for the period (including revenues of associates) was $122.6 million, up $7.9 million from the corresponding period last year. However, this increase was largely driven by the additional two months of Medical and a small contribution due to the timing of acquisitions rather than organic growth. More>>


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

NASA, NOAA: Find 2014 Warmest Year In Modern Record

Since 1880, Earth’s average surface temperature has warmed by about 1.4 degrees Fahrenheit (0.8 degrees Celsius), a trend that is largely driven by the increase in carbon dioxide and other human emissions into the planet’s atmosphere. The majority of that warming has occurred in the past three decades. More>>

ALSO:

Scoop Business: New Zealand’s Reserve Bank Named Central Bank Of The Year

The Reserve Bank of New Zealand’s efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news