New Zealand's AFT Pharmaceuticals rises on upbeat FY results

AFT Pharmaceuticals

23/05/2024 02:28

** Shares of AFT Pharmaceuticals  AFT.NZ  rise as much as
3.3% to NZ$3.10, their highest since April 29 
    ** Stock is on track for its third session of gains, if
trend holds
    ** Pharmaceutical firm says FY24 operating profit of NZ$24.2
mln ($14.77 mln), up 23%, while full year profit after tax
increases 46% to NZ$15.6 mln
    ** Declares final dividend of 1.6 NZ cents, higher than 1.1
NZ cents for FY23
    ** Adds FY25 forecast for operating profit of NZ$22 mln to
NZ$25 mln 
    ** Stock has fallen 14.3% this year, as of last close


($1 = 1.6383 New Zealand dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))