Joinn Laboratories' Profit Surges 480% in Q1

MT Newswires Live

04/30

Joinn Laboratories (HKG:6127, SHA:603127) posted net profit attributable to shareholders of 238.4 million yuan for the first quarter, up 480% from 41.1 million yuan a year earlier, according to a Wednesday Hong Kong bourse filing.

Hong Kong-listed shares of the drug research firm were down over 6% in Thursday's late-morning trade.

Earnings per share came in at 0.32 yuan, up from 0.05 yuan a year earlier.

Revenue increased 10% to 316.1 million yuan from 287.3 million yuan in the prior-year period.

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