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Stephen Saads Wealth Takes A Hit As Aspen Pharmacare Stock Plunges Erasing 41 Million : The Africa

Summary by theafrica.co.za
Aspen Pharmacares stock slid 7.27% in 55 days, wiping R750.75 million ($41.15 million) from CEO Stephen Saads stake. Aspens first-half revenue rose 3.87% to $1.2 billion, while profit climbed 3.2% to
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theafrica.co.zatheafrica.co.za

Stephen Saads Wealth Takes A Hit As Aspen Pharmacare Stock Plunges Erasing 41 Million : The Africa

Aspen Pharmacares stock slid 7.27% in 55 days, wiping R750.75 million ($41.15 million) from CEO Stephen Saads stake. Aspens first-half revenue rose 3.87% to $1.2 billion, while profit climbed 3.2% to

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Billionaires.AfricaBillionaires.Africa

Stephen Saad’s wealth takes a hit as Aspen Pharmacare stock plunges, erasing $41 million

Key PointsAspen Pharmacare’s stock slid 7.27% in 55 days, wiping R750.75 million ($41.15 million) from CEO Stephen Saad’s stake.Aspen’s first-half revenue rose 3.87% to $1.2 billion, while profit climbed 3.2% to nearly $130 million, despite market challenges.Shares fell from R180.56 to R167.44, pushing Aspen’s market cap down to $4 billion, impacting major shareholders like Saad.South African pharma tycoon Stephen Saad, CEO of Aspen Pharmacare, …

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Billionaires.Africa broke the news in on Thursday, March 27, 2025.
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