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Australian Pharmaceutical

Australian Pharmaceutical releases results for year ended 30 April 2006

Published in Health Business Week, September 15th, 2006

Australian Pharmaceutical Industries Limited (API) announced a net profit after tax of $20.4 million for the year to 30 April 2006 (FY2005: $34.8 million). The result was affected by one-off other expenses of $17.2 million.

Revenue from continuing operations increased from the prior year by 11% to $2,582 million.

In line with the company's dividend policy, the directors have declared a fully franked final dividend of 3 cents per share payable on 8 September, taking the full year dividend payment to 9.25 cents (FY2005: 13.0 cents). Stephen Roche has been appointed chief executive officer and managing director of the company following the resignation...

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