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Adcock Ingram rises 2.2 percent on upbeat FY profit guidance

** Shares in South African drugmaker Adcock Ingram surge more than 2 percent to 66.35 rand after it flagged a rise of up to 24.8 percent in full-year earnings it reported on Tuesday .

** The drugmaker said it expects headline earnings per share (EPS) to rise to between 380 and 390 cents in the year ended June 30, 2018, from 312.6 cents a year earlier.

** Headline EPS is the main profit measure in South Africa that strips out certain one-off items.

(Reporting by Nomvelo Chalumbira)

2018-08-21 09:36:20

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