
Click to view full size
Fontana Ltd, which operates a chain of pharmacies, has returned to higher profit following the fallout from Hurricane Melissa.
Net profit for the third quarter rose 11 per cent to $114.1 million from $102.8 million in the comparable period a year earlier, as revenue climbed 17.7 per cent to $2.6 billion from $2.2 billion, driven by same-store sales growth, increased customer traffic and the contribution of four newly integrated Monarch Pharmacy locations — bringing the company's total store count to 11.
"As the company enters the final quarter of the financial year, management remains encouraged by the continued recovery in consumer demand, improving operational efficiencies and the strong long-term prospects of the expanded Fontana network," said chairman Kevin O'Brien Chang and CEO Anne Chang in a joint statement prefacing the results.
The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.
Related stories
See articles related to "Fontana posts first profit gain since Hurricane Melissa"