NZ's AFT Pharmaceuticals hits over 2-mnth high on upbeat FY24 outlook

AFT Pharmaceuticals

22/05/2023 03:31

** Shares of AFT Pharmaceuticals  AFT.NZ  rise as much as
5.1% to NZ$3.68, hitting their highest since March 8
    ** Drugmaker posted a FY operating profit of NZ$19.7
mln($12.50 mln) compared to NZ$20.4 mln last year 
    ** Co says it expects FY24 operating profit of between NZ$22
mln to NZ$24 mln 
    ** Co declared a maiden dividend of 1.1 NZ cents per share
    ** Stock posts its biggest intra-day percentage gain since
March 2 
    ** Stock is down 0.5% so far this year, as of last close    



($1 = 1.5763 New Zealand dollars)

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))