Ascendis interim results December 2018
Revenue for the interim period was higher at R4.0 billion (R3.9 billion) whilst gross profit increased to R1.8 billion (R1.6 billion). Operating profit lowered to R475.0 million (R481.7 million). Prfoti attributable to owners jumped to R204.9 million (R191.0 million). Furthermore, headline earnings per share from continuing operations lowered to 41.4cps (52.9cps).
The directors have elected not to declare an interim dividend and to retain cash to fund working capital requirements and settle debt obligations.