Aspen Pharmacare reported on Thursday a 26% increase in normalised headline earnings per share to R8.72 in the six months to December.
Revenue climbed by 11% to R21.9 billion in the review period while net profit rose 30% to R3.7 billion.
Aspen makes about 80% of its sales outside of South Africa, which could negatively impact future results if the rand remains strong.
Aspen Pharmacare is Africa’s largest maker of generic drugs.
The Money Show’s Bruce Whitfield interviewed Aspen Pharmacare CEO Stephen Saad.
Saad discussed his company’s results, and reflected on how it responded to rumours of investigations by short-seller Viceroy.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
We never felt vulnerable. We never had off-balance sheet debt…— Stephen Saad, Aspen Pharmacare
It’s not your income that matters; it’s your bank account!— Stephen Saad, Aspen Pharmacare
We’re happy to use debt, because we’re happy with our cash-flows…— Stephen Saad, Aspen Pharmacare
Our profits are matched by cash…— Stephen Saad, Aspen Pharmacare
We changed strategy… We’ve learned lessons… We’ve changed tactics… It was a massive switch for us the last four years…— Stephen Saad, Aspen Pharmacare
We may be South Africa’s most global company…— Stephen Saad, Aspen Pharmacare
We haven’t issued a share since 2009.— Stephen Saad, Aspen Pharmacare
We don’t expand for the sake of expanding…— Stephen Saad, Aspen Pharmacare
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews JSE CEO Nicky Newton-King.
VAT is on the rise… Petrol levies are up… Bruce Whitfield asks small business guru Pavlo Phitidis to give advice.
The Money Show’s Bruce Whitfield interviews PwC’s Charles de Wet and Astral Foods CEO Chris Schutte.
Not convinced? The Money Show's Bruce Whitfield asks Personal Financial Advisor Warren Ingram for tips to budget well.
The Money Show’s Bruce Whitfield interviews Old Mutual Group Chief Executive Bruce Hemphill.
If this is the only business content you consume all week; you’re all right.
The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.
Following a spate of farm murders in the Cape, the policing expert says there aren't enough stats available on farm killings.
Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.
Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.
The EFF lawyer stole the show during the state capture report court battle.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...