Aspen’s share price jumps 12% on news of debt progress
03 September 2019 - 10:02
Africa’s largest drugmaker Aspen Pharmacare, whose shares have lost 72% of their value since the beginning of 2018, said on Tuesday sales of noncore assets had resulted in its net debt falling by almost a quarter to R40bn over a period of six months.
Aspen’s share price shot up 12% to R86.04 on Tuesday morning, with the company further warning of an up to 17% fall in headline earnings per share (Heps) for the year to end-June...
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