Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%
Lithium
43.36
0.12%
Gold
2,762.20
0.3%
Copper
4.38
0.53%
Oil
70.69
0.35%
Bitcoin
69,461.54
(1.06%)
FTSE 100
8,110.10
(0.61%)
Nikkei 225
38,197.33
(0.8%)
Dow Jones
41,763.46
(0.46%)
Iron Ore
103.10
(0.56%)
USD/AUD
0.66
(0.09%)
Hang Seng
20,577.31
0.73%

AFT Pharmaceuticals (ASX: $AFP) anticipates operating loss amid market challenges

AFT Pharmaceuticals faces financial setback


AFT Pharmaceuticals (ASX:AFP, NZX:AFT) has announced an expected operating loss of nearly $2 million for the six months ending 30 September 2024. This loss is due to decreased sales in international and Asian markets caused by factors such as stock level adjustments by major customers and a doctors' strike in South Korea. Despite these challenges, AFT has achieved double-digit growth in Australia and New Zealand.

Outlook and future initiatives for AFT Pharmaceuticals


AFT Pharmaceuticals is navigating challenges in international and Asian markets, resulting in an anticipated operating loss. The company attributes this to one-off factors like stock level adjustments and a doctors' strike in South Korea. Despite these setbacks, AFT is investing in expanding its presence in new territories, including North America and Europe, anticipating a sales recovery in the second half of the financial year. With net debt at $19.4 million as of September 2024, AFT remains committed to leveraging its strong demand for a broader medicine portfolio. The company plans to update its full-year guidance on 21 November 2024, as it continues to negotiate contracts and assess new initiatives.

Executive commentary on AFT's performance


The decrease in sales to our international markets was driven by major customers resizing stock levels. This is an issue that did not impact in-market sales, which remain strong. In Asia, a doctors' strike in South Korea significantly impacted our sales of Maxigesic IV. Despite these challenges, we have experienced double-digit growth in Australia and New Zealand.

AFT PHARMACEUTICALS LIMITED
AFP | ASX | Health Care
2.79-0.09(-3.13%)
At close 31/10 (AEDT)
Market cap
$295.9M
Volume
13,234
DY Yield
0.0034
PE Ratio
19.928572
52 Week Range
2.43 - 3.53
1YR Return
N / A

0 Comments
Inline Feedbacks
View all comments
Social Media Auto Publish Powered By : XYZScripts.com

Stock Piper AI Index Coming Soon!

Join our Newsletter to gain exclusive insight and be notified once we are live.

By clicking Subscribe, you agree to our Terms & Conditions

ASX News, First And Fast.

Get all the latest market updates straight to your inbox.

By clicking Subscribe, you agree to our Terms & Conditions