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Sunday, November 17, 2024

Drug wholesaler Salus reports 56% profit growth

By: P.T., STA

Salus, a wholesaler of medicines, reported a net profit of EUR 6.8 million for the first nine months of the year, up 56.5% year-on-year, as revenue rose by 14.7% to EUR 292 million.

Salus benefited from a surge in demand for medicines in March, after the coronavirus pandemic was first declared, whereupon demand eased off. The group expects end-year sales to reach EUR 350 million and net profit EUR 5.7 million, slightly less than in 2019.

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