China Shineway Pharmaceutical Posts About 28% Higher H1 Profit

MT Newswires Live2024-08-29

China Shineway Pharmaceutical Group (HKG:2877) reported a profit attributable to the owners of 626.6 million yuan for the six months ended June 30, a 27.5% increase compared with 491.5 million yuan, according to a Thursday filing with the Hong Kong bourse.

The earnings per share were 0.83 yuan, compared with 0.65 yuan in the year-ago period.

Revenue for the half was 2.09 billion yuan, compared with 2.40 billion yuan in the previous year.

The pharmaceutical announced a second interim dividend of 0.11 yuan per share apart from the first interim dividend of 0.43 yuan.

The company's stocks were up by over 7% at the end of trading.

Price (HKD): $8.75, Change: $+0.69, Percent Change: +8.56%

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