Should you take a break from collagen supplements?
From glowing skin and flexible joints to vitality, collagen is a popular supplement that many people swear by. But can you take it forever?
The loss in the year ended 30 June compared to a profit after tax of R4.4bn the previous year. Group revenue edged 1% higher to R43bn.
The dispute, the details of which are subject to contractual confidentiality, relates to a manufacturing and technology agreement with a contract manufacturing customer for mRNA products, Aspen said.
Manufacturing revenue fell 21% to R11.1bn, while normalised earnings before interest, tax, depreciation and amortisation of R668m in constant currency ended 62% lower than the prior year, impacted mainly by the dispute within the finished dose form segment, the company said.
The dispute is the subject of a contractually prescribed adjudication process, Aspen said.
The company declared a gross dividend of 211 cents per share, down 41%.
Issued on Bizcommunity | https://www.bizcommunity.com/article/aspen-profits-tumble-with-r11bn-loss-287557a
