UniPhar operating profit drops 3%

DRUG distributor UniPhar saw operating profits fall by 3% in 2007 to €18.8 million.

The company, which is owned by hundreds of pharmacists across the country, said turnover for the year was up by 7% to almost €719.6m.

At pre-tax level, profits for the year fell to €21.5m from €70.7m in 2006. The 2006 figure was boosted by the exceptional gain of €51.3m, the company made from the sale of land.