API australian pharmaceutical industries limited

Update

  1. 11,596 Posts.
    lightbulb Created with Sketch. 808
    Doesn't look great - store numbers up 5%, sales up 3.5%, lfl sales up 0.6%, by my read. UNPAT growth rate a bit slower at 15%, had been running at 18% growth last year and 37% the year before.

    Might be a tentative sign that new stores are starting to cannibalise existing stores.

    There are some big sales going through on Chi X ATM.

    Anyway - all short term stuff ATM, will be keen to see the accounts, gross margins and the full breakdown. I think the market will be a bit nervous going into that.
 
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