Feb 22, 2017 12:11 AM EST
Australian pharmacy group Terry White Group, which is now trading as TerryWhite Chemmart, has doubled its half year revenue from $16.9 million to $33.9 million for the half year ending Dec. 31, 2016, which the group has attributed to the merger of the two companies.
The group posted a 66-percent increase in its earnings before interest, tax, depreciation and amortization of $3.4 million for the half year compared to the previous corresponding period.
According to Anthony White, TerryWhite Chemmart CEO, the past six months had been transformational, with the two pharmacy groups joining forces to create the largest retail pharmacy network Down Under, with approximately 500 pharmacies nationwide.
White said the merger has cemented their position in the market, providing their company owners with a highly competitive offering, while establishing TerryWhite Chemmart with a solid platform for continued expansion.
"We operate in a highly competitive industry and are now in a much better position to meet the evolving needs of our customers," White said. "As a result of the merger, TerryWhite Chemmart members have access to substantially increased infrastructure which will deliver improved in-pharmacy efficiencies, increased levels of customer services and better access to leading frontline healthcare."
The group was quick to rollout its new brand, which is aligned to TerryWhite Chemmart's strategic position as leaders in the delivery of highly accessible frontline healthcare, White said. He added there are already ten pharmacies operating under the new brand and, by the end of 2017, all pharmacies within their expansive network will be operating as TerryWhite Chemmart.
TerryWhite and Chemmart have merged last year and in October, following the pharmacy groups' merger, TerryWhite and Chemmart have launched a new pharmacy brand.
The new pharmacy brand follows the shareholder approval of the merger, which will create one of Australia's largest retail pharmacy networks with approximately 500 pharmacies and $2 billion in retail turnover.
By examining key aspects such as security measures, customer service, user experience, transaction convenience, and potential for innovation, we strive to offer an in-depth perspective on this reputable trading platform.
And the world of NFTs expands far beyond art and collectibles. A new era of tokenized digital assets is being created using the blockchain. Here are seven unique NFT use cases that the interested investor should know.
However, there are some simple steps that anyone can take which will help to improve their performance when it comes to trading foreign exchange markets. Here are ten small things that can make a big difference in your FX trading success.
o prevent significant losses, risk management expertise is essential. His adage, "Rule No. 1: Never lose money," has become a stock market classic. Never forget Rule No. 1; this is Rule No. 2. This practice is followed by even the most successful investor, Warren Buffett, who advises others to follow suit.
One of the significant advancements is shifting the payment operations for remote workers. If the compliances are not met, it may lead to severe legal complications. The owner and organization may be held labially separately. The remote working lifestyle continuously grows and is a testament to becoming an endless working mode. Today we discuss components for payroll for remote workers
BRG International Founder Matias Alem had recognized this fact for a few years. So he remodeled his real estate brokerage into something completely new to solve the problem for his jet-setting international client base.
Ryan Early, hailed as 'Farmer Ryan' among sustainable agriculture experts, is a busy man. He has a laundry list of companies to his name, including Blue-Green Ventures, the company behind the revolutionary product, Blue MagicTM, a non-toxic and eco-sustainable pest preventative product using his patented BiomeMax TM Pheromonal Replication Technology.
Investor, financier, and expert in both cryptocurrencies and blockchain technology, Joy Mbanugo is the go-to in the sector. She has vast experience and knowledge across tax services, auditing, business operations, financial analysis, capital markets, and other specializations.
When Nick Collins was just 14 years old, he started his first business, which included around-the-clock phone calls and numerous questions from his parents. In fact, he began building his stout portfolio in the seventh grade by doing web design, incorporating creative content with brand strategies and plugging in a then-fledgling tech Flash.
Barry Gabster is the founder of InitiateU and is a leading proponent of the marketing mailer revolution, having already taken his company to 10x growth in 2021, alone. In fact, the exponential growth has seen the company rise from $800K-$8.5M just on word-of-mouth referrals.