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UK's Hikma drops after tightening annual profit forecast

By Reuters News16 hours ago Updated

** Shares of British drugmaker Hikma Pharmaceuticals HIK.L fall 2% to 1,726p

** Co now expects full-year operating profit of $740 mln to $760 mln, compared with previous forecast of $720 mln to $770 mln

** Hikma reiterates overall annual revenue growth target of 2% to 4%, says demand across the Middle East and North Africa has remained robust

** As of last close, HIK up ~14% YTD

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