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Australian Pharmaceutical Industries Releases 2020 AGM Chair's Address to Shareholders

20 Jan 2021  |  14:41:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 2020 AGM- Chair's Address to Shareholders

Australian Pharmaceutical Industries released 2020 AGM chair's address reporting a strong result in Pharmacy Distribution backed by a solid performance in our retail businesses, Priceline Pharmacy and Clear Skincare. The Group's total revenue increased by 0.2 % on 2019, Underlying net profit after tax was down 42.6 per cent on the prior year and underlying EBIT decreased 40.1%. As noted the decline in profit was related to COVID impacts. The overall ESG of the Company, MSCI has upgraded API to 'AAA' from 'AA'.

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