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Green Cross Health Half Year Results to 30 September 2018

27/11/2018, 08:30 NZDT, HALFYR

Listed primary health care provider Green Cross Health, the group behind Unichem and Life Pharmacy, The Doctors and Access Community Health, has reported a 9% increase in Revenue to $282m in the six months to 30 September 2018 compared to the prior period. Net Profit after tax attributable to shareholders was $8.1 million, compared to $8.8 million in the prior period. Result Summary: o Revenue of $282m up 9% o EBITDA at $18.4m down 5.2% o Operating Profit $14.9m down 9.5% o Net Profit after tax attributable to shareholders of $8.1m down 7.1% o Pharmacy Revenue growth of 2.2% but Operating Profit down 3.8% at $13.9m o Medical performed strongly with Revenue up 37.5% and Operating Profit up 32.4% to $2.0m o Revenue growth in Community Health up 15.3% but Operating Profit down $1.1m to $0.3m o Operating Cash Flow returned to normal level at $8.8m o Net Debt $44.1m up $5.6m primarily due to investment in new acquisitions o Interim Dividend consistent with prior period at 3.5 cents per share. Please refer to the attached interim financial statements and supporting documents for further information. End CA:00327419 For:GXH Type:HALFYR Time:2018-11-27 08:30:48