Company News Summary | 20 Jan 2021

Click the print icon in your browser to print this report. Currency is in AUD unless otherwise specified

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

14:41:00 | Associate analysts

Original annuncemenet: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'.

This report appeared on www.morningstar.com.au 2021 Morningstar Australasia Pty Limited

© Copyright 2021 Morningstar Australasia Pty Ltd ABN: 95 090 665 544 ("Morningstar"), AFSL no 240892. (a subsidiary of Morningstar, Inc.). This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written content of Morningstar. Some of the material provided is published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO").

DISCLAIMER: To the extent that any of the content above constitutes advice, it is general advice that has been prepared without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain appropriate financial, legal and taxation advice before making any financial investment decision. If applicable, investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/About/ FSG or phone Morningstar on 1800 03 44 55 to request a copy. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for any use or distribution of any of this information

DISCLOSURE: Employees may have an interest in the securities discussed in this report.