Green Cross suspends dividend to protect balance sheet through pandemic

Paul McBeth
Thu, 25 Jun 2020

Green Cross Health won’t pay a final dividend in an effort to protect its balance sheet through the covid-19 pandemic. The pharmacy chain franchisor and primary healthcare provider reported a net profit attributable to shareholders of $13.5 million in the 12 months ended March 31, down from $16.1 million a year earlier. The bottom line was dragged down by new accounting rules changing the way leases are recognised, but also by a $4.7 million impairment charge as it wrote off the value of software it had developed. Revenue edged up 0.2 per...

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