South African drugmaker Aspen expects coronavirus impact [Reuters]
ASPEN PHARMACRE HL UN/ADR (APNHY)
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Source: Reuters
South African drugmaker Aspen expects coronavirus impact JOHANNESBURG (Reuters) - South African drugmaker Aspen Pharmacare Holdings Ltd ( APNJ.J ) reported a small rise in earnings in the first half of the 2020 financial year on Thursday and said the coronavirus outbreak would impact its performance. Normalized earnings before interest, tax, depreciation and amortization (EBITDA) was flat at 5.26 billion rand ($337.2 million) in the six months to Dec. 31, from a restated 5.24 billion rand, the firm said in a statement. Aspen said its manufacturing unit benefited from the restart of heparin sales to third parties, boosting normalized headline earnings per share (NHEPS) from continuing operations to 707 cents from a restated 702.4 a year earlier. NHEPS also got a lift from lower net financing costs. The drugmaker, which is nearly 170 years old and has a presence in about 56 countries, said coronavirus had resulted in its Chinese commercial team being largely inactive since February and
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