Alliance Boots reports profit increase in 2012/13

Alliance Boots has announced its financial results for the 2012/13 business year, during which it implemented a number of transformational business decisions.

The company's trading profit total for the 12 months ending on March 31st 2013 came to 1.27 billion pounds, up by 6.1 percent year-on-year, while its underlying profit total after tax came to 805 million pounds, representing an increase of 12.7 percent.

Although the firm's revenue figure for the year was down slightly to 22.4 billion pounds, it nevertheless expressed satisfaction with its performance during a year when the group agreed a major new strategic partnership with US pharmacy giant Walgreens.

This deal – in addition to subsequent collaborations with AmerisourceBergen and Nanjing Pharmaceutical – will greatly expand Alliance Boots' global capabilities.

Stefano Pessina, executive chairman of Alliance Boots, said: "I truly believe that we have the brands, intellectual capital and, most importantly, the management expertise to create value for our stakeholders across the world for many years ahead."

The organisation now has a presence in more than 25 countries worldwide and employs in excess of 108,000 people internationally.