AFT Pharmaceuticals reports FY17 loss but sees return to profit on the horizon

Tue, 23 May 2017

By Rebecca Howard May 24 (BusinessDesk) - AFT Pharmaceuticals, which manufactures the Maxigesic painkiller, reported a full-year loss in the year to March 31 but expects to significantly narrow those deficits this year and return to profitability in the 2018/19 period. The company reported a net loss of $18.4 million, or 19 cents per share, in the 12 months ended March 31, from a loss of $13.3 million, or 48 cents per share, in the prior year. Operating revenue rose to $69.2 million, meeting guidance and up from $64 million in the prior y...

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