Aspen says profit rose notably in its year to end-June

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Earnings per share could rise as much as 37%, with the company also getting a lift from asset sales

SA’s biggest pharmaceutical maker, Aspen Pharmacare, has flagged a profit rise of at least a fifth for its year to end-June, also reporting it has seen an expected improvement in a manufacturing business hit by supply-chain disruptions.

Normalised headline earnings per share from continuing operations are expected to rise between 20% and 25% to as much as 1,637.2c to end-June, the group said in a short trading update, while earnings per share could rise as much as 37%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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