Essex Bio-Technology Posts 7% Drop in H1 Profit as Revenue Slides 10%

MT Newswires Live08-27

Essex Bio-Technology (HKG:1061) reported a profit of HK$157.4 million in the first half ended June 30, down 7.3% from HK$169.8 million in the prior-year period, according to a Monday filing with the Hong Kong stock exchange.

Earnings per share was HK$0.269, also down from HK$0.288 in the year-ago period.

The company's revenue fell 9.8% to HK$811.6 million from HK$899.4 million last year.

The board declared an interim dividend of HK$0.06 per share, up from HK$0.045 a year prior.

Price (HKD): $2.30, Change: $-0.080, Percent Change: -3.36%

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