Media Release
13th November, 2008
Life Pharmacy Stores Profits Improved In Challenging Market
Life Pharmacy, New Zealand’s only listed pharmacy retail group has reported significantly improved store profits
compared to last year.
Commenting on the half year results to 30th September 2008released today http://www.nzx.com/news/markets/4760056 , Chief
Executive Philip Ingham explained that the period featured included significantly improved store profit contribution of
$424,000 this year versus a loss of $63,000 last year.
Mr Ingham commented: `We have seen sales growth on a comparable store basis in a very challenging environment. This
growth has been heavily driven by an increase in the promotional programme and increased promotional use of the Life
Living Card. The Living card is proving to be an excellent marketing and customer relationship tool and further
development is planned.’
Other highlights include
• The development of LPL Group’s third party supply chain solution to its own members, which is due to launch this
month (November 2008).
•
• The purchase of Care Chemist Services Limited, franchisor business to 8 Care Chemist branded Pharmacies
operating in the greater Auckland area.
•
• The successful raising of $11.6m of additional capital through a rights issue to existing shareholders.
•
-Ends-