API is building momentum with the Priceline Pharmacy franchise model.
Narrow-moat Australian Pharmaceutical Industries', or API's, fiscal 2017 result was slightly above our expectations, with underlying net profit after tax of AUD 54.2 million on group revenue of AUD 4,061 million, up 5% and 6%, respectively. We were pleased by improved working capital management over the period and reduction in debt. This led to a net cash balance sheet position, albeit a relatively modest AUD 7 million. Similarly, cash flow from operations impressed, increasing 34% to about AUD...Australian Pharmaceutical Industry is a service provider to the pharmacy industry. Co. operates two segments, Australia and New Zealand. The Australia segment is engaged in the distribution of pharmaceutical, medical, health, beauty and lifestyle products to pharmacies, the purchase and sale of various health, beauty and lifestyle products within the retail industry and provider of retail services to pharmacies. The New Zealand segment is engaged as a manufacturer and owner of rights of pharmaceutical medicines and consumer toiletries.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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