Green Cross Health first-half profit falls 2% as costs rise

Tue, 25 Nov 2014

Nov. 25 (BusinessDesk) - Green Cross Health, formerly known as PharmacyBrands, posted a 2 percent decline in first-half profit as higher wage and lease costs offset a pickup in sales. Profit was $6.9 million in the six months ended Sept. 30, down from $7.1 million a year earlier, the Auckland-based company said in a statement. Sales rose to $134.8 million from $127 million. The owner of the Life Pharmacy and Unichem pharmacy chains has been widening its portfolio of businesses, agreeing this month to acquire Access Homehealth, a not-for-p...

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