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AFT braves another forecast, expects to double profit this year

Jenny Ruth
Tue, 25 May 2021

AFT founder and managing director Hartley Atkinson is forecasting strong profit growth.
Jenny Ruth
Tue, 25 May 2021
AFT Pharmaceuticals has refused to run scared after having to downgrade last year's earnings guidance and is forecasting the current year's operating profit may more than double.But given last year's miss, it's hardly surprising just about all analysts' questions on the earnings conference call related to how the company arrived at its forecast operating earnings of between $18 million and $23m, up from the $10.7m for the year ended March.The company did emphasise this was a best guess and subject to some uncertainty and you...

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America's Cup
Not dead yet: Auckland's America's Cup dream still has a pulse
Pattrick Smellie | Fri, 24 Sep 2021

Reports of the death of Mark Dunphy's bid to keep The America's Cup in Auckland may prove premature, although events this week suggest CPR may be required.

Listed Companies market close
Pacific Edge up 6%; while index dips
Dan Brunskill | Fri, 24 Sep 2021

The NZX 50 index fell as its biggest stock, Fisher & Paykel Healthcare, fell 3.1% back towards its average price of $32 per share.

Media FREE
RNZ snags $3.5 million in NZ on Air funds
Daniel Dunkley | Fri, 24 Sep 2021

State broadcaster scoops largest slice of latest funding round for public news service.

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