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

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

More Health

Southern Cross pays record 3.8 million claims
Law & Regulation

Southern Cross pays record 3.8 million claims

Rising demand and more frequent claims push up costs, directly impacting premiums.

John Anthony 30 Sep 2025
Fisher & Paykel Healthcare shares dip on new tariff fears
Markets

Fisher & Paykel Healthcare shares dip on new tariff fears

US Department of Commerce launched a “Section 232” on medical products.

Gregor Thompson 25 Sep 2025
NZer creates world's first waste-free drink
Retail

NZer creates world's first waste-free drink

They are tiny, concentrated balls of flavours and vitamins which dissolve in liquid.

Oceania forecasts sales lift as it targets debt
Property

Oceania forecasts sales lift as it targets debt

It said sales applications had lifted 23% between July and August.

Gregor Thompson 16 Sep 2025