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Hikma first-half profit jumps on strong injectibles sales

Wed, 20th Aug 2014 06:15

Aug 20 (Reuters) - Hikma Pharmaceuticals Plc reported a 44 percent rise in first-half adjusted profit, helpedby strong demand for its high-margin injectibles particularly inthe United States.

Adjusted profit attributable to shareholders rose to $176million in the six months ended June 30 from $122 million a yearearlier.

Revenue at the Jordanian company, which makes and marketsbranded and non-branded generics and injectibles, rose 16percent to $738 million.

Revenue rose 41 percent to $346 million at Hikma'sinjectibles business, accounting for 47 percent of total sales. (Reporting by Roshni Menon in Bangalore; Editing by GopakumarWarrier)

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