Interim Guidance Flags Ongoing Challenges on the Retail Front for Narrow-Moat API
Negative front-of-store sales momentum in second-half 2017, attributed to weakness in health and beauty sales, has resulted in Australian Pharmaceutical Industries guiding to first-half 2018 net profit after tax of AUD 26.5 million, down 9% on the prior corresponding period and demonstrating marginal growth on the full-year NPAT of AUD 54.2 million reported in fiscal 2017. This translates to an expected 2.4% decline in like-for-like front-of-store sales for first-half 2018, in contrast to a five...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.
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