NZ's AFT Pharmaceuticals falls most in over 5 months on expected first-half loss

AFT Pharmaceuticals

31/10/2024 22:22

** Shares of AFT Pharmaceuticals  AFT.NZ  fall as much as
6.9% to NZ$2.98, their biggest intraday pct fall since May 24 
    ** Stock hits it slowest level since July 22 
    ** The pharmaceutical firm says it expects to record an
operating loss of just under NZ$2 mln ($1.20 mln) for the six
months ended Sept. 30, compared to a profit of NZ$3.3 mln a year
ago 
    ** Swings to operating loss, primarily due to international
and Asia sales being lower than a year earlier
    ** Adds the expected HY loss will likely have an impact on
co's FY forecasts too 
    ** Stock down 14.3% YTD at 2208 GMT

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))