Primary healthcare provider Green Cross Health has reported a half-year profit of $5.6 million for the six months ended 30 September 2023.
This represents a 21% decrease compared to the same period last year.
Operating revenue for the half-year was $250m, up 1% from the prior period.
The company's pharmacy division saw a 1% increase in revenue to $182m, but operating profit decreased by 25% to $8.7m.
The medical division also experienced growth, with revenue up 1% to $69m, but operating profit was down 21% to $7.3m.
Green Cross Health attributed the lower profit to the drop-off in higher-margin Covid-19 activity, inflationary labour costs, and reduced consumer retail spending.
The company has been investing in growth, with the acquisition of three new medical centres and eight site refurbishments.
It also declared an interim dividend of 2.5 cents per share, to be paid on 20 December 2023.
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