AFT annual profit fell, promises better this year

Mon, 24 May 2021

AFT Pharmaceuticals annual net profit fell 39% but the operating result was within the company's guidance downgraded on April 1.Net profit fell to $7.8 million for the year ended March from $12.7m the previous year and the operating result of $10.7m was down 6%.The company's best estimate for operating profit in the current year is between $18m and $23m but it said the outlook is subject to some uncertainty.The company said it continued to lay the foundations for long-term growth, including the negotiation of licenses for more than 20 n...

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