Priceline reports record profits

The owner of Priceline Pharmacy, Soul Pattinson and Pharmacist Advice has flagged a record half-year profit Australian Pharmaceutical Industries (API) reported on Wednesday that it expects its half-year net profit after tax to rise 14.6% to a record $29 million. Priceline Pharmacy was the key driver of the strong result with total sales growth of 3.6%,