Fontana has reported a net profit of $44.6 million on revenues of $2.4 billion during the three-month period, which ended September 30 this year.
This was a 26?cline, when compared with the net profit of $55 million generated on revenues of $2.1 billion during the same period last year.
The company's report indicated that the strong top line performance was due to the integration of the Monarch Pharmacy chain and positive momentum from its high concept Ora Beauty stores.
The company's operating expenses also spiked by 22% to $821 million, when compared with last year, primarily due to the integration of the Monarch locations as well as with expenditure on the Ora location in Fairview, Montego Bay.
Fontana's Chairman, Kevin O'Brien Chang, has stressed, however, that a significant portion of these costs are non-recurring.
The company's finance charges rose by 30%, due to higher borrowing related to the recent acquisition of the Monarch Pharmacy.
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