AFT Pharmaceuticals Flags Under NZ$2 Million Operating Loss in H1; Shares Down 8%

MT Newswires Live

2024/11/01

AFT Pharmaceuticals (NZE:AFT, ASX:AFP) expects to incur an operating loss of below NZ$2 million for the six months ended Sept. 30, according to a Friday filing with the New Zealand bourse.

The pharmaceuticals company attributed the first-half loss to lower sales amid a reduction in orders from large customers and a doctors' strike in South Korea, among other factors.

AFT will report its interim results on Nov. 21.

The company's shares were down more than 8% in recent trade.

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