Profit inroads for API
Australian Pharmaceutical Industries has reported net profit of $12.9 million for the first six months of its fiscal year, down 29.8 per cent on the previous corresponding period. But the previous result was boosted by $14.5 million in insurance proceeds. Underlying net profit, which excludes one-off items, rose 6.8 per cent. Sales were flat at $1.6 billion.
InvestSMART FORUM: Come and meet the team
We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.
Want access to our latest research and new buy ideas?
Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.Sign up for free