Boots Ireland, the pharmacy and cosmetics retail chain, paid a nearly €21 million dividend to its Anglo-Swiss-American parent Walgreens Boots Alliance last year, according to the latest results.
According to Boots Ireland’s annual financial statements as of the end of August 2021, the Irish subsidiary of the international pharmacy and retail giant paid out a dividend of €20.8 million, down €2.4 million on the previous year.
The statement also revealed that Boots Ireland was active in acquiring pharmacies.
It said Boots had bought two high street pharmacy holding companies – Ladanac Limited for €4 million and Captecoriz for €1.9 million.
According to a pharmacy register maintained by the Pharmaceutical Society of Ireland, Ladanac is the registered owner of a pharmacy in South County Dublin trading as Boots.
Former Captecoriz directors Sean Leonard and Frank Mulvey owned Butler’s Medical Hall in Wicklow Town.
It became a boat shop in 2021.
A Boots Ireland spokesman said the company had seen “strong sales growth driven by increasing market share”.
“Since we opened our first Boots store in the Jervis Center in 1996 we have consistently invested and continue to invest in expanding our presence in Ireland as we expand our network of shops and pharmacies to best serve communities across the country .
“We now have 91 stores in Ireland and employ over 2,200 people, having acquired a number of new locations over the last year.”
Results for the 12 months ended August 2021 show that Boots Ireland improved its operating profit to €29.78m.
This was an improvement of 12.2 percent compared to the previous year’s result.
Boots Ireland revenue increased from €377.5m to over €433.3m.
https://www.independent.ie/business/irish/boots-ireland-pays-parent-21m-dividend-amid-growing-market-share-41827299.html Boots Ireland pays parent company €21m dividend as market share grows