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Fontana records increased profit for end of third quarter

Pharmacy chain Fontana's profit increased by more than 40 per cent during the third quarter ended March.
 
Net profit was up 43 per cent closing the three months at $104.6 million  
 
During the same period last year Fontana's post tax profit amounted to $72.9 million. The company's revenues also grew January to March.
 
Fontana earned $1.52 billion  -  a 24 per cent increase from $1.22 billion.
 
Fontana says the relaxing of the covid-19 measures contributed to the increased business.
 
The company says the increased cost of goods due to inflation and global supply chain challenges impacted during the quarter. 


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