Hikma Pharmaceuticals Plc’s Core operating profit increase by 15% in H1 2020; stocks surge over 10%

Hikma Pharmaceuticals Plc (LON: HIK) has released its results for the six months ended 30 June 2020.

  • Core revenue of the company improved by 9 per cent $1,132 million in H1 2020 as compared to $1,043 million in H1 2019, the rise in revenue reflected growth in all three businesses.
  • Core operating profit of the company improved by 15 per cent (AER basis) to $284 million, from $246 million in the same period last year, driven by a strong performance in Injectables.
  • The company reported a significant 56 per cent increase in cash flow from operating activities to $292 million as compared to $187 million in H1 2019.
  • On 7August 2020, at the time of writing, GMT 11:51 AM, HIK shares were trading at GBX 2,385.00, up by 228 points or 10.57% against the previous day closing price.

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