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Cipla warns on earnings drop

Johannesburg – Pharmaceutical company Cipla Medpro SA said on Tuesday it expected its earnings per share and headline earnings per share in the six months to June 2012 to between 32% and 38% lower compared with the same period a year ago.

The comparative period last year included the pre-tax settlement income of R68.8m and unrealised gains on the forward exchange contracts of R28.6m (2012: unrealised loss of R34.2m).
 
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