FORM 20-F Grupo Casa Saba, S.A.B. de C.V.
FORM 20-F Grupo Casa Saba, S.A.B. de C.V.
FORM 20-F Grupo Casa Saba, S.A.B. de C.V.
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Table of Contents<br />
For a more <strong>de</strong>tailed <strong>de</strong>scription of the Mexican private pharmaceutical market and our private pharmaceutical business, see “Item 4. Information on the Company—<br />
Business Overview—Pharmaceutical Industry”.<br />
The following table sets forth our net sales by division and the corresponding growth rates for each of our business divisions for the years indicated.<br />
Year En<strong>de</strong>d December 31,<br />
<strong>20</strong>09 <strong>20</strong>10 <strong>20</strong>11<br />
Pharmaceuticals:<br />
Private sector 22,377.4 24,335.4 21,497.2<br />
% Growth 3.9% 8.8% (11.7)%<br />
Government 906.1 959.3 1,<strong>20</strong>9.1<br />
% Growth (12.4)% 5.9% 26.0%<br />
Health, Beauty, Consumer Goods, General Merchandise and Other Products 2,530.4 2,173.6 2,421.8<br />
% Growth 0.4% -14.1% 11.4%<br />
Publications 753.4 835.5 792.6<br />
% Growth 0.6% 10.9% -5.2%<br />
Retail Pharmacy 3,224.3 5,536.9 <strong>20</strong>,647.5<br />
% Growth 26.3% 71.7% 272.9%<br />
Total 29,791.6 33,840.8 46,568.2<br />
Total % Growth 4.9% 13.6% 37.6%<br />
indicated:<br />
The following table sets forth the net sales for each of our business divisions and our results of operations as a percentage of our total net sales for the years<br />
Year En<strong>de</strong>d December 31,<br />
<strong>20</strong>09 <strong>20</strong>10 <strong>20</strong>11<br />
Pharmaceuticals:<br />
- Private 75.11% 71.91% 46.16%<br />
- Government 3.04% 2.83% 2.60%<br />
Health, Beauty, Consumer Goods, General Merchandise & Other Products 8.49% 6.42% 5.<strong>20</strong>%<br />
Publications 2.53% 2.47% 1.70%<br />
Retail Pharmacy 10.82% 16.36% 44.34%<br />
Total 100% 100%<br />
Cost of Sales 89.2% 86.6% 81.2%<br />
Gross Profit 10.8% 13.4% 18.8%<br />
Operating expenses:<br />
- Selling expenses 3.1% 3.7% 2.9%<br />
- Administrative expenses 4.7% 7.7% 12.6%<br />
7.8% 11.4% 15.5%<br />
Operating income 3.0% 2.0% 3.4%<br />
Comprehensive cost of financing, net 0.9% 0.8% 2.2%<br />
Other income 0.5% 0.3% 0.3%<br />
Income tax and employee profit sharing 0.7% 0.1% 0.7%<br />
Net income 0.9% 0.8% 0.2%<br />
For a more <strong>de</strong>tailed <strong>de</strong>scription of each of our divisions, see “Item 4. Information on the Company—Operations”.<br />
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