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FINANCIAL NEWS
Jordan’s Hikma faces lower full-year revenue
11 Nov 2016
(MENAFN) Hikma Pharmaceuticals Plc reduced its full-year revenue predictions for its generics business, due to slower ramp-up in the unit.Moreover, the firm bought U.S generic drugs business this year, proclaimed that its now predict full-year revenue from the business to reach USD600mn.Accordingly, it also said that it predicted full-year core operating profit from its generics unit to be hurt by a delay in approval of new products.In addition, the firm predicts full-year revenue to grow by 35 percent to almost USD2bn in constant currency.
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