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Hikma’s First-Half Profits Leap By A Quarter

As Sales Ahead By Almost A Tenth, Boosted By Injectables

 
• By Dave Wallace

Hikma has seen its reported operating profit jump by a quarter in the first half of 2020, as a lift from its injectables business helped to drive up turnover by almost a tenth.

Growth
Hikma saw upward trends in the first half of 2020 • Source: Shutterstock

As companies across the off-patent industry experience mixed fortunes in 2020 – with many firms having suffered adverse effects from the COVID-19 pandemic even in spite of short-term increases in demand enjoyed earlier in the year – Hikma has reported first-half sales and profits “ahead of our initial expectations,” with operating profit rising by 25% to $297m on sales up by 8% at $1.132bn.

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