Terry White Chemists Group has revealed a revenue increase of 16 per cent for the first half of FY15.
Anthony White, CEO of Terry White Chemists, said the strong result had been achieved through improved revenue streams flowing from ownership of the brand and increased efficiencies in the group’s management function.
“Retail sales growth for our network has developed significant momentum and is continuing into the second half, with results for the two months to February 2015 being 3.6 per cent above the same period last year, on a like for like basis,” White said.
“This is a particularly strong result when compared to the latest industry trends.
“Combined with well above market unit growth in prescription volume, these results act as a major and timely counter to help offset the effects of PBS reforms on the pharmacy network.”
In addition, White said nurturing the group’s extensive private label range remained a key priority for the business and contributed to further future proofing the network.
During the six months to December, the group also introduced an expanded franchise offer aimed at making pharmacy ownership easier and more accessible for pharmacists.