Bloomberg News

Litha Healthcare May Pay 2012 Dividend, Finance Director Says

October 26, 2011

Oct. 26 (Bloomberg) -- Litha Healthcare Group Ltd., a pharmaceutical developer and wholesaler, may pay a maiden dividend for the fiscal year through June 2012, according to Financial Director Martin Kahanovitz.

Litha’s board will consider a payment as a “strategic decision” to satisfy institutional investors, Kahanovitz said in an interview with Johannesburg-based Investors Monthly today.

The group is also looking at signing licensing agreements with overseas generic drug manufacturers to register their products in South Africa, he said.

--Editors: Alastair Reed, Hilton Shone.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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