Edison Investment Research - AFT Pharmaceuticals (AFT) AFT Pharmaceuticals - 14% revenue growth despite COVID-19 headwinds

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Edison Investment Research

Sean Conroy

AFT Pharmaceuticals - 14% revenue growth despite COVID-19 headwinds

AFT Pharmaceuticals recently reported its results for H122. Operating revenue grew strongly by 14% year-on-year to NZ$55.5m, despite the impact of COVID-19 across the business (extended lockdowns in Australia and delayed launches in international markets were the biggest COVID-related headwinds). Reported group operating profit was NZ$5.5m compared to NZ$2.4m in the same period a year ago. Importantly, AFT is continuing to guide for operating profit of NZ$18–23m in FY22.

22/11/2021 5 EN

Underlying

AFT Pharmaceuticals

AFT Pharmaceuticals is engaged in the distribution of pharmaceutical products and the development of pharmaceutical intellectual property.

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NZAFTE0001S4 NZX New Zealand

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Sean Conroy

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AFT Pharmaceuticals - 14% revenue growth despite COVID-19 headwinds

AFT Pharmaceuticals - Softer H1 on one-offs; recovery expected in H2

Aft Pharmaceuticals Ltd: 2 directors

AFT Pharmaceuticals - H125 profitability weighed down by one-offs

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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