Aust Pharmaceutical Industries confident of 'returning value'
Print Email  Australian Broadcasting Corporation  Broadcast:
28/06/2007  Reporter: Stephen Roche  Australian Pharmaceutical
Industries chief executive Stephen Roche talks to Emma Alberici
about the tough times of the past year.   EMMA ALBERICI:
Australian Pharmaceutical Industries (API) today reported a full
year net loss of $11 million.  It's been a shocking 12 months
for the country's biggest pharmaceutical wholesaler, which also
owns retail brands Priceline, Price Attack and House.  I spoke
to chief executive Stephen Roche earlier this evening.  Stephen
Roche, welcome to the program. In December last year you
described the company's first half result as terrible. So how do
you sum up today's announcement?  STEPHEN ROCHE: I actually
think today's announcement could be best described this way.
We've demonstrated some clear management credibility and some
momentum towards putting API back on track.  EMMA ALBERICI: A
$14 million profit for the same