Asymchem Laboratories Log 60% Lower Attributable Net Profit in Q3

MT Newswires Live10-29

Asymchem Laboratories (Tianjin) (HKG:6821, SHE:002821) recorded a net profit attributable to shareholders of the parent of 211.2 million yuan for the third quarter of the year, 59.68% lower than the corresponding period last year, a Tuesday filing with the Hong Kong Exchange said.

Earnings per share stood at 0.61 yuan for the three months ended Sept. 30, 57.93% lower as compared with the year-ago period.

The pharmaceutical outsourcing services company's operating revenue for the third quarter was 1.44 billion yuan, 18.09% lower than a year ago.

The company's shares were down over 1% on Tuesday's close.

Price (HKD): $59.20, Change: $-0.80, Percent Change: -1.33%

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