CWH's controlling company posts $101m net profit

That's a $4m increase on the previous year

The main controlling company behind Chemist Warehouse recorded a net profit of $101 million in the 2016 financial year

Money and pills

A financial report lodged with corporate regulator ASIC revealed the company enjoyed a $4 million increase in profit on the previous year, according to a Fairfax paper.

The East Yarra Friendly Society Pty Ltd, under directors Jack Gance and Mario Verrocchi, controls half the Chemist Warehouse business.

According to ASIC, the company and the entities it controls recorded consolidated revenue of around $1.43 billion and more