High labour costs hit Green Cross Health profit

High labour costs hit Green Cross Health profit
(Image: NZME)
Staff reporters
Primary healthcare company Green Cross Health has reported a 69% fall in net profit for the 2024 year, citing rising costs and relatively flat funding levels.The group recorded a net profit of $15.6 million for the year ending March 31, 2024, compared with $50.5m for the 2023 year.Of that, $11.8m was attributable to its shareholders and $3.8m to its non-controlling interests.Net profit from continuing operations was $15.8m compared with $20.3m for the 2023 year.Green Cross owns the Unichem and Life Pharmacy chains and The Doctors medi...

More Markets

NZ shares fall on economic fears
Markets Market close

NZ shares fall on economic fears

The S&P/NZX 50 index dropped 96.21 points, or 0.8%, to 11,671.19.

Carbon auction gets zero bids
Markets

Carbon auction gets zero bids

There was no interest in the 4 million units on offer.

$2.2m spent, no takeover for Rakon
Markets

$2.2m spent, no takeover for Rakon

Chip-maker fumbled the bag, research analyst says.

Fletcher's Fiji sale snares $20m
Markets

Fletcher's Fiji sale snares $20m

Fletcher has been urged to divest non-core businesses to shore up its finances.