Green Cross Health lifts net profit 3.2% as medical division posts strong result

Tue, 28 May 2019

By Rebecca Howard May 29 (BusinessDesk) - Green Cross Health said net profit lifted 3.2 percent as its medical division posted a strong result. However its community health division faced funding challenges and its pharmacy division saw its gross margin decline. Net profit attributable to shareholders was $16.1 million in the 12 months ended March 31, versus a restated $15.6 million in the prior year, the Auckland-based company said in a statement. The prior year was restated due to accounting changes that required a write-off of $500...

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