Adcock Ingram Holdings Ltd (AIPJ.J)
23 Apr 2014
|Market Cap (Mil.):||R10,635.29|
|Shares Outstanding (Mil.):||175.64|
* New CEO inherits an underperforming company (Adds analyst comment, shares background)
* Kevin Wakeford has been appointed as chief executive officer of Adcock Ingram with immediate effect Source text for Eikon: Further company coverage:
JOHANNESBURG, March 20 - Adcock Ingram Holdings Ltd : * Total of beneficial interests in Adcock Ingram's ordinary shares held by Public Investment Corporation amounts to 25.173 pct
JOHANNESBURG, March 19 - South African drugmaker Adcock Ingram Holdings Ltd said quarterly profit was under "extreme pressure" as debt-laden consumers cut back on self-medication and the weaker rand pushed up costs of imported raw materials.
JOHANNESBURG, Feb 7 - Chile's CFR Pharmaceuticals dropped a $1.2 billion bid for South Africa's Adcock Ingram on Friday, paving the way for Adcock's largest shareholder to overhaul the underperforming drugmaker.
JOAHNNESBURG, Feb 7 - Adcock Ingram Holdings Ltd : * Joint announcement regarding the intended consensual termination of the TIA between Adcock and CFR * Have entered into a written agreementfor the consensual termination of
* Joffe built S.African start-up into global conglomerate
JOHANNESBURG - South Africa's Bidvest has raised its stake in drugmaker Adcock Ingram to more than 34 percent, enough to block a rival $1.2 billion bid and prompt Adcock to seek urgent talks with its Chilean suitor.
JOHANNESBURG - The chairman of South African drugmaker Adcock Ingram said on Friday the board did not see any chance of approval for a $1.2 billion bid by Chile's CFR Pharmaceuticals after Bidvest , which opposes the deal, upped its stake.
JOHANNESBURG, Jan 31 - Adcock Ingram Holdings Ltd : * Gross profit as a percentage of sales is under extreme pressure as a resultof the unfavourable revenue mix * As at 31 December, the end of the first quarter group revenue was 4 pct ahead of the previous corresponding period * Rand depreciation has negatively affected cost of imported active ingredients and other materials * Operating expenditure impacted by increased marketing and distribution costs, salary and wage increases
Earnings vs. Estimates
Analyst Research Reports
Adcock Ingram Holdings Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: MarketLine (a Datamonitor Company)
Provider: Directors Deals Ltd.
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