Adcock Ingram’s result for the six months to end-December revealed that the company became debt-free for the first time since 2011. The share had jumped 3.36% in midday trade as headline earnings per share shot up 49%. Turnover rose 11% to R3 billion as gross profit increased 11% to R1.1bn. The group declared a dividend of 63c per share. Aslam Dalvi comments.
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