Company News Summary | 20 Jan 2021

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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 2021 Morningstar Australasia Pty Limited

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