Page 1

Green Cross Health ( NZX : GXH ) Half Year Result Announcement for the unaudited six months ending 30 September 2021 GREEN CROSS HEALTH GREEN CROSS HEALTH REPORTS STRONG HALF YEAR PROFIT OF $ 9.7M 26 November 2021 , AUCKLAND , NZ : Listed primary healthcare provider Green Cross Health , the Group behind Unichem and Life Pharmacy , The Doctors and Access Community Health , reported Revenue of $ 310m in the six months to 30 September 2021 , up 12 % on the prior period . Net Profit After Tax Attributable to Shareholders of $ 9.7m represents a 9 % increase on the prior period . The Group has supported New Zealand communities throughout the COVID - 19 pandemic , continuing to provide its essential services , ramping up swabbing efforts over the COVID - 19 surge period from August 2021 and rolling out vaccinations at both pharmacies and medical centres . Result Summary : • ⚫ Revenue of $ 310m , up 12 % • Operating Profit ( EBIT ) of $ 20.5m , up 14 % • Net Profit After Tax Attributable to Shareholders of $ 9.7m , up 9 % . Pharmacy Revenue up 11 % and Operating Profit up 9 % to $ 13.3m • Medical Revenue up 12 % and Operating Profit up 13 % to $ 5.7m • Community Health Revenue up 14 % and Operating Profit up 38 % to $ 2.5m • Group net cash position of $ 5.9m • Dividend declared of 3.0 cps for the half year ended 30 September 2021 . Green Cross Health Group CEO Rachael Newfield , says , “ The performance for the six months to 30 September 2021 reflects an increase in activity across all three divisions . Our COVID - 19 response efforts have been a huge focus for our business , and our front - line workers have been pivotal in helping to ensure the country can cope with the strain that COVID - 19 places on the healthcare system . As an essential service , our pharmacies and medical centres have remained open to support communities , despite a drop in demand associated with lockdown periods , particularly in Auckland . We have also continued to provide essential homecare services to New Zealand's most vulnerable , via our Community Health operations . As one of the leading providers of primary healthcare in New Zealand , we've been able to ramp up our swabbing efforts to meet the COVID - 19 delta surge that arose from August 2021 and move quickly into providing COVID - 19 vaccinations to substantially support the Government's 90 % vaccination target . " Earlier in the year , the quality of Green Cross Health's primary healthcare services was acknowledged at the New Zealand Primary Healthcare awards , with all three Green Cross Health divisions winning first place awards . These included team members winning the pharmacist of the 1