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Alliance Boots’ profit increased by 11.2 percent last year, the British pharmacy giant said yesterday.

May 3, 2007

London – Alliance Boots’ profit increased by 11.2 percent last year, the British pharmacy giant said yesterday. The company has agreed to a takeover from US private equity group KKR.

Net profit jumped to £467 million (R14 billion) in the group’s financial year to March, compared with £419 million in the previous year. Revenue rose 3.6 percent to £14.608 billion.

Alliance Boots was created last year by the British merger of pharmacy chain Alliance UniChem and health and beauty retailer Boots. – Sapa-AFP