NZ's AFT Pharmaceuticals hits over 3-week high on upbeat annual results

AFT Pharmaceuticals

22/05/2022 23:52

** Shares of AFT Pharmaceuticals Ltd  AFT.NZ  soar as much
as 12.5% to NZ$3.61, hits highest level since April 29
    ** The drugmaker posts full-year net profit of NZ$19.8 mln
($12.70 mln) compared to NZ$7.8 million reported last year
 urn:newsml:reuters.com:*:nNZW4zFRLf
    ** Announces board's intention to pay a dividend (in
relation to FY23) in the range of 20-30% range of normalized net
profit after tax
    ** Stock marks best session since April 28, if gains hold
    ** Stock has fallen 28.4% this year, as of last close
 


($1 = 1.5586 New Zealand dollars)

 (Reporting by Jaskiran Singh in Bengaluru; Editing by Daniel
Wallis)
 ((Jaskiran.Singh@thomsonreuters.com;))