Green Cross Health reports $16m profit amid challenging conditions

Green Cross Health reports $16m profit amid challenging conditions
Green Cross Health operates the country’s largest GP network, The Doctors. (Image: NZME)
John Anthony
Green Cross Health, which owns Unichem, Life Pharmacy and the country’s largest GP network, lifted its net profit after tax attributable to shareholders to $16 million for the year to March, up from $11.8m a year earlier.A Green Cross Health statement to the NZX on Thursday said the company had been navigating a difficult economic environment and a challenging primary healthcare landscape.“Amidst inflationary pressures, insufficient government funding and constrained consumer spending, a focus on cost control and evolving the operat...

More Markets

Infratil lifts market after ASX 200 inclusion
Markets Market close

Infratil lifts market after ASX 200 inclusion

Spark is making a steady comeback.

Infratil to join ASX 200, shares up 4%
Infrastructure

Infratil to join ASX 200, shares up 4%

Analysts expect the liquidity boost to help Infratil's growth.

Forsyth Barr sets Tower target price at 25.8% premium
Markets

Forsyth Barr sets Tower target price at 25.8% premium

Tower has graduated out of having to pay for Forsyth Barr coverage.