Pharmacybrands annual profit climbs 33 percent , may trim range of brands

Tue, 28 May 2013

By Paul McBeth May 28 (BusinessDesk) - Pharmacybrands, the retail pharmacy and medical centre owner, lifted annual profit by a third in the latest financial year amid a cost-cutting drive which will see the company trim its range of brands. Net profit rose to $13.3 million, or 10.71 cents per share, in the 12 months ended March 31, from $9.9 million, or 8.72 cents, a year earlier, the Auckland-based company said in a statement. Those gains from cost savings across the company’s pharmacies, increased sales from acquisitions and the removal o...

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