Pharmacy operator to take $131m hit

Pharmacy operator to take $131m hit

AAP Australian Pharmaceutical Industries is writing down the value of some of its assets by $131 million. The owner of the Priceline, Soul Pattinson and Pharmacist Advice brands says the one-off impairment is mainly related to changes to the value of its loans to pharmacies, and a review of the expected growth of its retail network. "Priceline and Priceline Pharmacy recorded reported sales growt…

Australian Markets

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