All data is delayed
See More

Loss of high margin drugs hits Adcock

May 29 2012 08:07

Company Data


Last traded 50
Change 0
% Change 1
Cumulative volume 87848
Market cap 0

Last Updated: 30-11-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Adcock eyes higher earnings

Aspen reaps reward of expansion plan

Drug suspension hits Adcock profit

Adcock acquires major stake in Bioswiss

Adcock Ingram acquires vitamins firm

Adcock ordered to withdraw painkillers


Johannesburg - South Africa's No 2 drug maker Adcock Ingram Holdings [JSE:AIP] posted a 10% fall half-year earnings on Tuesday, hit by the loss of high-margin drugs, and said it would continue seeking acquisitions in emerging markets.

Adcock, the nation's top over-the-counter drugs maker, said diluted headline earnings per share totalled 198.4 cents in the six months to end-March, compared with 220.7c a year earlier.

The company said sales increased 5% to R2.25bn.

Adcock has been struggling in recent months after losing three drugs that contribute as much as R200m sales due to safety reasons while the weaker rand and lower consumer demand added to the headwinds.

But the Midrand-based company has been teaming up with global pharmaceuticals companies such as Merck & Co to co-distribute their products in Africa.

Adcock said it would continue looking for acquisition opportunities in emerging markets, particularly Africa and India.

adcock ingram holdings



Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote