AFT braves another forecast, expects to double profit this year

AFT founder and managing director Hartley Atkinson is forecasting strong profit growth.

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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