Pharmaceutical and toiletry wholesaling and retail
API has four core business operations - pharmaceutical distribution, manufacturing, retail pharmacy brands and hospital and medical distribution. API established as a chemists' co-operative in 1910 and listed on the ASX on 16 June 1997. The API retail pharmacy banner groups are Priceline, Soul Pattinson, and Pharmacist Advice.
|Australian Pharmaceutical Industries Ltd||AUS||website|
|Australian Pharmaceutical Industries Ltd|
In 2013 and 2012 the Therapeutic Goods Administration's Complaints Resolution Panel upheld complaints about ads by this company on the grounds that they breached advertising codes. The Panel requested this company withdraw the ads and not to use representations in the ads again.
[Source 2013][More on Irresponsible Marketing]
According to data released by the Australian Tax Office in Dec 2015, this company was one of 579 local and foreign-based companies that paid no tax in Australia in 2013-14. Please note however that companies pay income tax on profits, not revenue (total income). While some companies use tax havens and loopholes to avoid paying their fair share of tax in Australia, other companies that paid no tax have perfectly legitimate reasons.
[Source 2015][More on Finance]
|Company Structure||Public company|
|Revenue||$3.8 billion in 2016|
|# Employees||3,336 in 2016|
|Company Ranking||99 in top 2000 Australian companies|
|Subsidiaries||API Consumer Brands|
|Address||11 Grand Ave, Camellia, NSW, 2142, Australia|
|Phone||02 8844 2000|
|Fax||02 8844 2896|