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Last Updated: Tuesday, 14 November 2006, 09:10 GMT
'Good' start for Alliance Boots
Boots store
UK sales were strong, helped by the warm summer
Pharmacy group Alliance Boots has reported an "encouraging" start since its creation after the merger of Boots and Alliance Unichem in July.

The company said trading profit rose 2.7% to �267m ($507m) in the six months to the end of September.

It added it was making "good progress" on achieving cost savings and was on track to meet its full-year targets.

Trading profits at its UK retail business rose 3.8%, helped by growth in healthcare and the warm summer weather.

"This has been an encouraging start to life as Alliance Boots," said chief executive Richard Baker.

"We have also seen good early progress on work to achieve the promised cost synergies from the merger and are on track to deliver against our expectations for the full year."

Alliance Boots is seeking to make cost savings of �100m a year by the end of the fourth year after the merger.




SEE ALSO
Boots sales shine in tough market
30 Mar 06 |  Business
Boots set to cut up to 2,250 jobs
14 Mar 06 |  Business
Boots merger deal gets go-ahead
07 Feb 06 |  Business
Boots announces �7bn merger deal
03 Oct 05 |  Business

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