LONDON (ShareCast) - Losses soared to £111m last year at pharmacy and GP services supplier Assura, as it took a massive hit on its property assets.
Trading losses for the year to March came in lower than expectations at £2.7m
compared with a loss of £5.4m in the prior period due to better than expected rental growth, enhanced pharmacy sales and margin and good control of costs.
Group revenues up 19% to £48.3m (2008: £40.7m) equivalent to 42% annualised organic growth, it said. Pharmacy revenues were £26.7m (2008: £17.9m) with a gross margin of 30% (2008: 26%).
"The new financial year has started well and trading is ahead of last year and ahead of budget. I believe the company will deliver long term value for shareholders when the true potential of the GPCo business is realised," chief executive Richard Burrell said.
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
