Head Topics

Slow AIDS drug orders and water shortages hit Adcock Ingram

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

South Africa Headlines News

The government AIDS drug orders from the pharmaceutical company have been a seventh of those anticipated

Slower than expected government orders for AIDS drugs and unreliable water supplies has knocked production at pharmaceutical manufacturer Adcock Ingram’s local factories, amplifying the effect of weak consumer demand and rising costs that saw the company deliver a mere 1% increase in headline earnings.

Revenue rose 1% to R3.63bn in the six months to end-December 2019, compared to R3.59bn in the corresponding period the year before, while operating profit increased at the same rate to R462m, up from R457m the year before.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mantashe is too slow to act on energy transformation, DA tells Ramaphosa | IOL NewsThe DA wants Energy and Mineral Resources Minister Gwede Mantashe axed if he does not act on commitments made in the SONA speech last week.
Source: IOL - 🏆 46. / 51 Read more »

MARK GEVISSER: From apartheid, Aids and now the climate crisis: how do we change SA’s tradition of denial?MARK GEVISSER: From apartheid, Aids and now the climate crisis: how do we change SA’s tradition of denial? 🔒 MarkGevisser
Source: BDliveSA - 🏆 12. / 63 Read more »

MARK GEVISSER: From apartheid, Aids and now the climate crisis: how do we change SA’s tradition of denial?MARK GEVISSER: From apartheid, Aids and now the climate crisis: how do we change SA’s tradition of denial? 🔒 MarkGevisser
Source: BDliveSA - 🏆 12. / 63 Read more »

Stop Stockouts raises alarm on contraceptive shortage in SA | IOLContraceptive shortage leaves many women who depend on it at a loss. IOL_Lifestyle _Lifestyle How so? Coz maningi lama condom
Source: IOL - 🏆 46. / 51 Read more »

CHRIS GILMOUR: Outlook remains bleak for SA economyEconomists are concerned by slow progress and are not optimistic on growth and job creation Wow, now that's surprizing?
Source: BDliveSA - 🏆 12. / 63 Read more »

CHRIS GILMOUR: Outlook remains bleak for SA economyEconomists are concerned by slow progress and are not optimistic on growth and job creation
Source: BDliveSA - 🏆 12. / 63 Read more »