Adcock Reports Slight Growth In A ‘Difficult Market’

Generics Business Sees Supply Challenges And Pricing Pressure

Adcock has made slight progress despite the effect of the current economic climate in South Africa on consumer spending and behavior.

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Adcock reported a 1% increase in half-year sales and operating profit • Source: Shutterstock

South Africa’s Adcock Ingram has seen its sales and operating profit creep up by 1% in its financial first half ended 31 December 2019, calling it a “reasonable set of results in a difficult market.”

Adcock’s generics business has been adversely impacted by stock supply challenges on some key products as well as pricing pressures,...

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