South Africa's Aspen Pharmacare FY profit drops 23 percent

September 14, 2016 1:02 PM

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JOHANNESBURG, Sept 14 South Africa's Aspen Pharmacare Holdings reported a 23 percent drop in full-year profit on Wednesday as heavy losses from its Venezuelan business and a weak performance in its home market weighed on earnings.

Aspen, which makes about a quarter of its sales in South Africa, said headline earnings per share (EPS) fell to 889 cents in the year to end-June, compared with 1,149.9 cents a year earlier.

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