Trading update
25 January 2022
Green Cross Health (NZX:GXH) is currently experiencing higher than anticipated revenue and
profitability relative to the prior period. For the 9 months to 31 December 2021, the company
has experienced an increase in revenue of approximately 14%.
Group CEO Rachael Newfield said “This uplift is primarily the result of increased COVID-19
related activity across the company’s three divisions of Medical, Pharmacy and Community
Health as well as the impact of recent acquisitions in the Medical division. The company notes
that this uplift may not continue in full into the next financial year due to the uncertain and
changeable outlook for COVID-19 vaccination and swabbing activity”.
Whilst Omicron has introduced further uncertainty, Net Profit After Tax Attributable to
Shareholders for the 12 months to 31 March 2022 is projected to exceed the prior period result
by $4.5m - $6.5m
1
. Green Cross Health is scheduled to release its audited full year result for the
year to 31 March 2022 on 27 May 2022.
1
$5.5m - $7.5m excluding one-off and extraordinary amounts.
ENDS
Contact:
Ben Doshi
ben.doshi@gxh.co.nz
Rachael Newfield
rachael.newfield@gxh.co.nz
About Green Cross Health
Green Cross Health (NZX: GXH) is a trusted New Zealand primary healthcare provider with
multidisciplinary healthcare teams with the purpose of working together to support healthier
communities. New Zealand owned and operated, Green Cross Health operates under branded groups
Unichem and Life Pharmacies, The Doctors medical centres, Total Care Health community nursing services
and Access Community Health to provide support, care and advice to diverse New Zealand communities.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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