Adcock down, falls into interim loss

Comment on this story
Pharma REUTERS A pharmacist counts pills in a pharmacy.

Johannesburg - Shares of Adcock Ingram fall over 2 percent after South Africa's second-biggest drugmaker posts first-half headline loss of 39 million rand, hit by rising raw materials prices and costs related to a failed $1.2 billion takeover bid from a Chilean suitor.

As of 13:30 SA time, its shares are down 2.10 percent to 58.00 rand, outpacing a decline in the All-share index which is 0.19 percent lower. - Reuters



sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines