Trading update March 2022

MKTUPDTE
Wed, Mar 16 2022 08:30 am


16 March 2022

Green Cross Health (NZX:GXH) continues to experience higher than anticipated revenue and profitability relative to the prior period. For the 11 months to 28 February 2022, the company has experienced an increase in revenue of approximately 16%.

Group CEO Rachael Newfield said “COVID-19 related activity across the company’s three divisions of Medical, Pharmacy and Community Health as well as the impact of recent acquisitions in the Medical division, continue to be the key contributors to the elevated performance levels. The company notes that this level of performance is not expected to continue into the next financial year.”

Net Profit After Tax Attributable to Shareholders for the 12 months to 31 March 2022 is projected to exceed the prior period result by $9.0m - $10.5m1 (25 January 2022 guidance $4.5m – $6.5m increase on prior period). Green Cross Health is scheduled to release its audited full year result for the year to 31 March 2022 on 27 May 2022.


1 $10.5m - $12.0m excluding extraordinary amounts.



ENDS


Contact:
Ben Doshi
[email protected]

Rachael Newfield
[email protected]


About Green Cross Health
Green Cross Health (NZX: GXH) is a trusted New Zealand primary healthcare provider with multidisciplinary healthcare teams with the purpose of working together to support healthier communities. New Zealand owned and operated, Green Cross Health operates under branded groups Unichem and Life Pharmacies, The Doctors medical centres, Total Care Health community nursing services and Access Community Health to provide support, care and advice to diverse New Zealand communities.


Announcement PDF


Markets News

Why this firm wants to be the waste king of the north
Retail The Small Cap Wrap

Why this firm wants to be the waste king of the north

Plus, New Talisman's success spurns auditor, Esquires to India, and more.

Markets

Methanex deal latest co-operative move for energy security

Sector facing regulatory threats and energy shortfall is banding together.

Methanex deal latest co-operative move for energy security
Retail Market Close

NZ sharemarket drops despite upbeat update

With reporting season looming, the NZX dipped slightly.

Tom Raynel 08 May 2025
NZ sharemarket drops despite upbeat update