Australian Pharmaceutical Industries Ltd Forecasts cash positive at the end of 2017

Forecasts cash positive at the end of 2017: Australian Pharmaceutical Industries Ltd (ASX: API) stock surged around 3.6% on May 01, 2017 while the group had recently delivered strong first half of FY 17 results that drove the sentiment. There has been a 15% growth in the underlying NPAT of $29.1m on the prior corresponding period. The reported NPAT included a $2.4m loss on the sale of API’s shareholding in CH2 in the pcp. The Priceline/Priceline Pharmacy network grew to 450 stores in 1H 2017 by adding 25 stores, with 7.2% total retail network sales growth and comparable retail store sales growth up 0.4%. The company has reported net debt decrease of $84.4m from the same time last year and is expected to again decrease in the second half. API expects to be cash positive by the calendar year end.  Moreover, API expects its Priceline Pharmacy network to expand by at least 20 stores in FY 17 to 462. API also expects to generate further operational improvements due to the major capital investments made in recent years.    

To read the complete report CLICK HERE. To get your free report CLICK HERE 


CLICK HERE

Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people.Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation.Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product.The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in: BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
Copyright
Copyright © 2015 Kalkine Pty Ltd ABN 34 154 808 312. No part of this website, or its content, may be reproduced in any form without the prior consent of Kalkine Pty Ltd.
Kalkine is a trading name of Kalkine Pty Ltd ABN 34 154 808 312, which holds Australian Financial Services Licence No. 425376.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s