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Aspen Pharmacare Holdings Limited (APNHF) CEO Stephen Saad on Q1 2020 Results - Earnings Call Transcript

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Aspen Pharmacare Holdings Limited (OTCPK:APNHF) Q1 2020 Earnings Conference Call March 6, 2020 1:30 AM ET

Company Participants

Gus Attridge - Deputy Group Chief Executive

Stephen Saad - Group Chief Executive

Conference Call Participants

Unidentified Company Representative

Thank you. Welcome everybody to the first JPMorgan South Africa Healthcare Conference. I'm sure the day will be fruitful. It's an interesting time, I guess. We already have an engaging dinner with life overnight, and a breakfast this morning with this camp. We've got an excellent schedule lined up for the rest of the day. And one of the key highlights, of course, is up next.

So Steve and Gus, thank you for attending, and agreeing to present your results for what's been an exceptionally busy first half for you. So with that, over to you. Thanks.

Gus Attridge

All right, good morning, everyone. Welcome to our interim results presentation. I'm going to run through our financial review, and then hand over to Steven, who'll do a strategic and performance review. What a wide audience today, and well clustered towards the door. So I'll be keeping an eye on you guys in, [making a run for it].

Okay. If we just go through the formalities of front, and get on to the sort of overview of the financial results. So I think the takeaway from the set of results is it's - it's a good solid set of results. We've achieved 3% of revenue growth half-on-half, gross profit percentage is a bit lower, but the normalized EBITDA line [come back to even] with this time last year.

NHEPS is up by 1% on a reported basis despite higher effective tax rate that's due to some savings on the finance charges line, and currency effect is benign as you can see the constant exchange rate performance, and

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