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Another record-breaking quarter for Fontana

Posted on 15th Mar 2024 @ 10:55 AM


Durrant Pate/Contributor

Pharmaceutical chain Fontana Limited is reporting another record-breaking quarter in which net profit closed on an all-time high for the period ended December 31, 2023

Net profit closed the quarter at J$341 million, surpassing the $323.8 million earned last year, breaking another record for Fontana. This represented $0.27 earnings per share versus $0.26 for the prior corresponding quarter.

For the half-year, net profit was J$402 million, down 2.0 per cent from the same prior period. Revenues for the quarter under review was a record J$2.35 billion, representing an increase of 10.2 per cent over the J$2.13 billion for the corresponding quarter of the previous year.

Transaction count and average spend per customer both grew by 10.8 per cent and 1.5 per cent, respectively. Gross profit also increased to J$953.5 million or 13.9 per cent higher than the J$836.9 million recorded in Q2/2022.

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