Full Year Results to 31 March 2019

Listed primary health care provider Green Cross Health, the group behind Unichem and Life Pharmacy, The Doctors and Access Community Health, has reported a 5.6% increase in Revenue to $567m in the twelve months to 31 March 2019 compared to the prior period. Net Profit after Tax Attributable to Shareholders was $16.1 million, up 3.2% from $15.6 million (restated from $16.8m*) in the prior period. Result Summary: o Revenue of $567m (+5.6%) o EBITDA** at $36.9m (+2.3%) o Operating Profit $29.4m (-2.2%) o Reported Net Profit after Tax Attributable to Shareholders of $16.1m (+3.2%) o Pharmacy Revenue flat at $340m, Operating Profit down 5.5% at $27.3m o Medical performed strongly with Revenue up 34% and Operating Profit up 20% to $4.4m o Community Health Revenue up 9.3% but Operating Profit $0.1m (down $1.1m) o Operating Cash Flow $29.5m (down $3.7m) o Net Debt $32.5m (reduction of $6.0m) o Final Dividend declared consistent with prior period at 3.5 cents per share. Please refer to the attached for further information. *Restated to incorporate changes in Accounting Standards and restatement of alternate leave liability. See note 2 (c) of the 2019 financial statements. **EBITDA is a non-GAAP measure. It is the net of Operating Revenue less Operating Expenditure and excludes Share of Equity accounted net earnings. End CA:00335172 For:GXH Type:FLLYR Time:2019-05-29 08:30:22