Africa’s largest pharma company says it is comfortable with its progress in cutting debt, an issue that has punished its share price
Africa's largest drug maker says it is comfortably reducing its hefty debt levels and may resume dividend payouts for its 2020 year.
The company has since been disposing of assets, with the sale of its Japanese business concluded at the end of January with net proceeds of €271m received in February. A major headwind is the coronavirus outbreak, although at this point the economic effect cannot be quantified, Saad said. The virus has spilt over into other markets, and could hit other parts of the business as people delay elective surgeries to avoid hospitals, Saad said.
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