BUZZ-China's Sinopharm drops most in over 8 months as quarterly profit falls

Reuters04-29

** Shares of China's pharmaceutical and medical devices distributor Sinopharm Group Co Ltd drop 11.2% to HK19.14, on course for biggest one-day pct decline since August 7

** Stock hits lowest since April 19; biggest pct loser on Hang Seng Index and Hang Seng Commerce & Industry Index

** Sinopharm Group says its net profit for quarter ended in March fell 10.7% Y/Y to 1.42 bln yuan ($195.95 mln) while operating revenue up 1.2% Y/Y to 147.27 bln yuan

** Hang Seng Commerce & Industry Index adds 1.1%, healthcare index jumps 2.9% and Hang Seng Index rises 1.8%

** Stock down 1% YTD

($1 = 7.2467 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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