January 4, 2018 / 12:16 PM / 9 months ago

Walgreens quarterly profit falls 22 pct

Jan 4 (Reuters) - Drugstore chain Walgreens Boots Alliance Inc on Thursday reported a 22.1 percent fall in quarterly profit, partly hurt by an impairment charge related to its investment in Chinese wholesale partner Guangzhou Pharmaceuticals.

Net income attributable to Walgreens fell to $821 million, or 81 cents per share, in the first quarter ended Nov. 30, from $1.05 billion, or 97 cents per share, a year earlier.

Net sales rose 7.9 pct to $30.74 billion. (Reporting by Ankit Ajmera in Bengaluru; Editing by Arun Koyyur)

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