Ireland blot on profits at Boots
The company, which trades as Alliance Boots everywhere bar in the Republic, enjoyed global profits of more than £1bn (€1.17bn) for the fiscal year ending March 31. It now ranks with Tesco and Marks & Spencer as the only British retailers to have surpassed the £1bn profit threshold.
The company’s global revenues rose 9.6% to £22.5bn, including a 10.3% increase at its wholesale arm and a 5.2% rise at its health and beauty division. In Ireland, however, like for like revenue decreased by 3.9%, despite a revenue increase of 1.1% on a constant currency basis.
