Listed Companies

AFT's first-half net profit fell 88% but annual forecast retained

Jenny Ruth
Thu, 19 Nov 2020

AFT's first-half net profit fell 88% but annual forecast retained

Jenny Ruth
Thu, 19 Nov 2020

AFT Pharmaceuticals' first-half net profit sank 87.9 percent as the company missed out on license income because of market disruption and travel restrictions related to the coronavirus crisis and because of a one-off gain in the previous first half.However, the company said it still expects to meet its full-year target operating profit of $14 million to $18 million compared with a normalised $11 million the previous year. The forecast doesn't include any up-front licensing fees which could add $1.5 million to $2 million.Net profit for t...

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AFT's first-half net profit fell 88% but annual forecast retained

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