Coronavirus

AFT lifts operating profit, forecasts growth of up to 58% this year

Jenny Ruth
Wed, 20 May 2020

AFT Pharmaceuticals reported annual operating profit near the top end of guidance and is forecasting underlying growth of up to 58 percent in the current year. The company, which owns the Maxigesic brand of tablets combining paracetamol and ibuprofen and related products, reported a bottom-line profit of $12.7 million for the 12 months ended March compared with a net loss of $2.4 million the previous year. Operating profit, which includes a one-off $9.8 million gain, rose to $21.2 million compared with guidance of $18.8 million to $21.8 m...

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