Boots Healthcare International
| 6 months to 30th September |
2003 £M |
2004 £M |
|
Local currency |
|---|---|---|---|---|
| Sales | 242 | 244 | +1.0% | +4.8% |
| Brand investment/sales | 30% | 28% | ||
| Operating profit | 36 | 38 | +6.5% | +9.5% |
| Operating cash flow | 24 | 24 | +0.8% |
Notes
Turning to Boots Healthcare International, first half sales in Sterling were up 1% with sales in local currency up 4.8%. The second quarter saw a substantial improvement in sales performance over Q1 growing at 5.8% compared to 3.5%.
Brand investment was 28% of sales slightly lower than the high level last year, when we invested heavily behind Clearasil in the USA.
Operating profit was £38m up 6%.
