Hikma Pharma guides for injectables growth after profit surge
The Jordan-based, Hikma Pharma said its core operating profit rose to $460 million for the year ended Dec. 31 from $386 million a year earlier.
New Delhi: Hikma Pharmaceuticals Plc on Wednesday reported a 19 per cent rise in full-year core operating profit, helped by strong demand for its injectable drugs and a rebound in its generics business.
The Jordan-based drugmaker said its core operating profit rose to $460 million for the year ended Dec. 31 from $386 million a year earlier.
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Core revenue rose 7 per cent to $2.08 billion, with Hikma's injectables business accounting for about 40 per cent of the total.
Hikma Pharmaceuticals is a multinational pharmaceutical company with headquarters in London, UK that manufactures non-branded generic and in-licensed pharmaceutical products.
It was founded in Amman, Jordan in 1978 by Samih Darwazah. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
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