28 May 2014

Green Cross Health profit up 15%

7:02 am on 28 May 2014

Green Cross Health, which owns a variety of brands including Life Pharmacy and Unichem, has reported a net profit of $15 million for the 12 months ended March.

That's an improvement of $2 million, or more than 15 percent, on the same period last year.

Green Cross Health will pay a dividend of 3.5 cents per share, taking the annual payout to 7 cents compared with 5.5 cents last year.

Green Cross Health chairman Peter Merton said profit growth was achieved through improved business unit performance and through contributions from new pharmacy and medical acquisitions.

He said it was a very pleasing result across all parts of the business including new acquisitions, the company's previous investments which were starting to perform to expectations and support office revenue was also up.