Anthony White, CEO of Terry White Chemists, said the result had been achieved through improved revenue streams flowing from ownership of the brand and increased efficiencies in the group’s management function.
“We have invested in ensuring the Group has solid, streamlined processes, procedures and systems to support greater efficiency in the business,” White said.
“Our retail strategy has transformed the network into one which is based on a highly efficient model offering industry leading service and robust business opportunity for members.”
Terry White Chemists Group’s current guidance is that EBITDA for the FY15 full year will be comparable to the previous financial year ended 30 June 2014, providing a strong platform for growth off the back of an expanded franchise offer and other key strategies, with income streams in FY15 being earned more evenly across the year.
The audited half year results are expected by mid March 2015.
Terry White Chemists Group is the parent entity for the group of companies that own the Terry White Chemists brand and support the $1 billion Terry White Chemists pharmacy franchise network.