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Alliance Boots Reports Higher Profits Despite Lower Revenue For Year Ending March 31, 2013

May 15, 2013: 12:00 AM EST
Alliance Boots reported profit after tax rose 12.7 percent for the year ending March 31, 2013. Revenue declined 2.6 percent to £22.4 billion, while trading profit increased 6.1 percent to £1.265 billion. Cash generated from operations reached £1.648 billion. Alliance Boots said it spent £200 million on capital expenditure, mainly on retail stores, information technology and logistics. Acquisition-related expenditure reached £84 million. Net borrowings by end of the year reached £5.893 billion, £1.124 billion lower year over year.
"Alliance Boots Annual results for the year ended 31 March 2013", Alliance Boots, May 15, 2013, © Alliance Boots
United Kingdom
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