TOT Biopharm Turns to Yearly Profit for First Time in 2024 as Revenue Soars 41%; Shares Down 3%

MT Newswires Live

03-12

TOT Biopharm (HKG:1875) turned to a yearly profit for the first time, logging 34.8 million yuan in 2024 from a loss of 37.8 million yuan in 2023, according to a Tuesday filing with the Hong Kong bourse.

The antibody and ADC drugs production turned to earnings per share of 0.05 yuan from a loss per share of 0.05 yuan in the previous year.

Revenue grew 41% to about 1.10 billion yuan from 780.6 million yuan a year earlier.

Shares fell 3% during Wednesday's morning trading.

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