Alliance Boots reports strong growth in last fiscal year

Alliance Boots has announced its financial results for the fiscal year ending on March 31st 2014, during which it generated a revenue total of 23.4 billion pounds.

This represented a year-on-year growth of 4.3 percent on a reported basis, while its trading profit rose 0.4 percent and profit attributable to equity shareholders jumped by 18.5 percent in the same timeframe.

According to the firm, it remains on track to becoming the world leader in both retail pharmacy and pharmaceutical wholesaling, thanks in large part to the capabilities it has gained through its strategic partnership with US pharmacy giant Walgreens.

Its joint agreement with AmerisourceBergen and geographical expansion efforts in Latin America and Asia have also helped to greatly bolster its long-term commercial prospects.

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

The group has a presence in over 25 countries and has more than 108,000 employees worldwide.