Aspen Pharmacare Holdings Full Year 2023 Earnings: EPS Misses Expectations

Aspen Pharmacare Holdings (JSE:APN) Full Year 2023 Results

Key Financial Results

• Revenue: R40.7b (up 5.4% from FY 2022).
• Net income: R5.23b (down 19% from FY 2022).
• Profit margin: 13% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: R11.77 (down from R14.32 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Aspen Pharmacare Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Pharmaceuticals industry in Africa.

Performance of the market in South Africa.

The company's shares are down 9.6% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Aspen Pharmacare Holdings' balance sheet and an in-depth analysis of the company's financial position.

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