Jarden remains neutral on AFT Pharmaceuticals

AFT has launched 22 new products across seven therapeutic areas and has 61 countries selling its Maxigesic products. (Image: AFT)

Ella Somers

Tue, 23 May 2023

Jarden won’t budge on its neutral rating for AFT Pharmaceuticals – even after the multinational pharmaceutical firm reported record revenue and declared a maiden dividend.AFT announced on Monday that its operating revenue was up 20% to $156.6 million for the 12 months to March 31, while operating profit from product sales and royalties rose 38% to $18.8m.Net profit after tax was $10.7m, down from the $19.8m in the same period a year ago. The core Australasian business contributed the most to growth, with revenue increasing 23.5%.&nb...

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