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

 

Life Pharmacy Stores Profits Improved

Media Release

13th November, 2008

Life Pharmacy Stores Profits Improved In Challenging Market

Life Pharmacy, New Zealand’s only listed pharmacy retail group has reported significantly improved store profits compared to last year.

Commenting on the half year results to 30th September 2008released today http://www.nzx.com/news/markets/4760056 , Chief Executive Philip Ingham explained that the period featured included significantly improved store profit contribution of $424,000 this year versus a loss of $63,000 last year.

Mr Ingham commented: `We have seen sales growth on a comparable store basis in a very challenging environment. This growth has been heavily driven by an increase in the promotional programme and increased promotional use of the Life Living Card. The Living card is proving to be an excellent marketing and customer relationship tool and further development is planned.’

Other highlights include

• The development of LPL Group’s third party supply chain solution to its own members, which is due to launch this month (November 2008).

• The purchase of Care Chemist Services Limited, franchisor business to 8 Care Chemist branded Pharmacies operating in the greater Auckland area.

• The successful raising of $11.6m of additional capital through a rights issue to existing shareholders.


-Ends-

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: Auckland Population May Hit 2 Million In Early 2030s

Auckland’s population may rise from about 1.7 million currently to 2 million by early next decade, Stats NZ said today. “Auckland will likely have the highest average annual growth of New Zealand’s 16 regions over the next 30 years, from ... More>>


Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>

ALSO:

Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>