By  on May 16, 2011

PARIS Alliance Boots, owner of the Boots pharmacy chain, reported net profits rose 1.8 percent to 615 million pounds, or $957 million, in the year ended March 31.

Revenues gained 10.3 percent to 23.34 billion pounds, or $36.33 billion. Dollar figures were converted from the British pound at average exchange for the 12-month period.

Alliance Boots said its health and beauty division's revenues gained 1.7 percent to 7.63 billion pounds, or $11.87 billion.

"Looking to the year ahead, we are planning for consumer demand to be subdued and expect governments to continue to seek ways to contain growth in healthcare expenditure," stated Stefano Pessina, executive chairman of Alliance Boots. "In spite of this, we are confident about our future prospects both in the short and longer term."

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