{"id":10815,"date":"2012-05-29T10:15:27","date_gmt":"2012-05-29T08:15:27","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/update-1-adcock-ingram-h1-earnings-down-10-percent\/"},"modified":"2012-05-29T10:15:27","modified_gmt":"2012-05-29T08:15:27","slug":"update-1-adcock-ingram-h1-earnings-down-10-percent","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-adcock-ingram-h1-earnings-down-10-percent\/","title":{"rendered":"UPDATE 1-Adcock Ingram H1 earnings down 10 percent"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Diluted headline EPS at 198.4 cents vs 220.7 cents<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Says to search for acquisitions in emerging mkts<\/p>\n<p> (Adds details)<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> May 29 (Reuters) &#8211; South Africa&#8217;s No.2 drug<br \/>\nmaker Adcock Ingram posted a 10 percent fall half-year<br \/>\nearnings on Tuesday, hit by the loss of high-margin drugs and<br \/>\nsaid it would continue seeking acquisitions in emerging markets.<\/p>\n<p><span><\/span><\/p>\n<p>Adcock, the nation&#8217;s top over-the-counter drugs maker, said<br \/>\ndiluted headline earnings per share totalled 198.4 cents in the<br \/>\nsix months to end-March, compared with 220.7 cents a year<br \/>\nearlier.<\/p>\n<p><span><\/span><\/p>\n<p>The company said sales increased 5 percent to 2.25 billion<br \/>\nrand ($269.67 million).<\/p>\n<p><span><\/span><\/p>\n<p>Adcock has been struggling in recent months after losing<br \/>\nthree drugs that contribute as much as 200 million rand sales<br \/>\ndue to safety reasons while the weaker rand and lower consumer<br \/>\ndemand added to the headwinds.<\/p>\n<p><span><\/span><\/p>\n<p>But the Midrand-based company has been teaming up with<br \/>\nglobal pharmaceuticals companies such as Merck  Co to<br \/>\nco-distribute their products in Africa.<\/p>\n<p><span><\/span><\/p>\n<p>Adcock said it would continue looking for acquisition<br \/>\nopportunities in emerging markets, particularly Africa and<br \/>\nIndia.<br \/>\n  ($1=8.3435 South African rand)\t<\/p>\n<p> (Reporting by Tiisetso Motsoeneng; Editing by Mike Nesbit)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Diluted headline EPS at 198.4 cents vs 220.7 cents * Says to search for acquisitions in emerging mkts (Adds details) JOHANNESBURG May 29 (Reuters) &#8211; South Africa&#8217;s No.2 drug maker Adcock Ingram posted a 10 percent fall half-year earnings on Tuesday, hit by the loss of high-margin drugs and said it would continue seeking [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10815","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10815"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10815\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}