BeOne Medicines Returns to Profitability in Q2; Shanghai Shares Fall 3%

MT Newswires Live

08/07

BeOne Medicines (SHA:68823) returned to a net profit of $94.3 million in the second quarter from a loss of $120.9 million in the year-ago period, according to a Thursday filing with the Shanghai bourse.

The pharmaceutical company, formerly BeiGene, recorded earnings per share of $0.06 compared with a loss per share of $0.09 in the prior-year period.

Revenue increased 42% to $1.3 million from $929,166 in the year-ago period.

Shares fell 3% in Shanghai and 1% in Hong Kong during late morning trading on Thursday.

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