Shanghai Pharmaceuticals Report 6% Drop in Q3 Profit; Shares Slide 3%

MT Newswires Live10-30

Shanghai Pharmaceuticals Holding (HKG:2607, SHA:601607) reported a net profit attributable to shareholders of 1.11 billion yuan for the quarter ended Sept. 30, a decrease of 6.29% compared with the prior-year period, according to a quarterly report filed on Tuesday with the Hong Kong Stock Exchange.

Earnings per share for the company were 0.30 yuan, down 0.06% year on year.

The company's operating revenue grew 8.16% on-year to 70.22 billion yuan.

The pharma company's shares were down over 3% in the recent trading.

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