South Africa's Adcock says Q2 profit under "extreme pressure"

[riky]

South Africa's Adcock says Q2 profit under "extreme pressure"

<p><a href="http://news.yahoo.com/south-africas-adcock-says-q2-profit-under-extreme-103758336.html"><img src="http://l1.yimg.com/bt/api/res/1.2/2_tE7hPSUCE5KbKy2DhQpA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3B4b2ZmPTUwO3B5b2ZmPTA7cT03NTt3PTEzMA--/http://media.zenfs.com/en_ZA/News/Reuters/2014-03-19T104735Z_1_AJOEA2I0TZD00_RTROPTP_2_OZABS-ADCOCKINGRAM-20140319.JPG" width="130" height="86" alt="A man walks past the Adcock Ingram offices in Johannesburg" align="left" title="A man walks past the Adcock Ingram offices in Johannesburg" border="0" /></a>South African drugmaker Adcock Ingram Holdings Ltd said quarterly profit was under &quot;extreme pressure&quot; as debt-laden consumers cut back on self-medication and the weaker rand pushed up costs of imported raw materials. Adcock has been at the centre of a takeover battle between South Africa's Bidvest and Chile's CFR Pharmaceuticals. The winner, industrial conglomerate Bidvest, has since replaced Adcock's chairman with Bidvest's CEO Brian Joffe to help return the company to profitability.</p><br clear="all"/>

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