Companies / Australia
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API Announces Profit Shortfall
August 2006 | Company Finance AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Australian drugmaker Australian Pharmaceutical Industries (API) has announced a 41% fall in annual net profit after reportedly suffering from accounting problems. For the 12 months to April 2006, net profit stood at AUD20.4mn (US$15.51mn). This compares to a figure of AUD34.8mn (US$26.46mn) for the previous