African drugmaker Aspen posts $63 million loss due to contract dispute

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JOHANNESBURG (Reuters) -South Africa’s Aspen Pharmacare made a full-year loss after tax of 1.1 billion rand ($63 million), it said on Wednesday, citing the impact of a material contractual manufacturing dispute and asset impairments of 4.1 billion rand.

The loss in the year ended June 30 compared to a profit after tax of 4.4 billion rand the previous year.

The company declared a gross dividend of 211 cents per share, down 41%.

($1 = 17.5632 rand)

(Reporting by Nqobile Dludla; editing by Barbara Lewis)

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