Shanghai Fosun Pharmaceutical's Q1 Profit Jumps 25%; Hong Kong Shares Slide 4%

MT Newswires Live
Yesterday

Shanghai Fosun Pharmaceutical's (HKG:2196, SHA:600196) attributable profit rose 25% to 764.8 million yuan in the first quarter from 609.7 million yuan in the year-ago period, according to a Tuesday filing with the Hong Kong bourse.

Earnings per share at the drug company increased 26% to 0.29 yuan from 0.23 yuanin the year-ago period.

Operating income declined 7.3% to 9.42 billion yuan from 10.2 billion yuan in the prior-year period.

Shares slipped 4% in Hong Kong during afternoon trading on Wednesday.

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