Austar Lifesciences H1 profit drops on higher R&D spending
Austar Lifesciences H1 profit drops on higher R&D spending
Overview
China life sciences solutions firm's H1 revenue rose 12% yr/yr
Profit attributable to owners fell sharply, with EPS down to RMB 0.02 from RMB 0.05
Gross profit margin declined to 18.6% from 21.0% yr/yr
Outlook
Company did not provide specific guidance or outlook for future periods
Result Drivers
HIGHER OPERATING EXPENSES - Increased selling, marketing, and administrative expenses weighed on profitability
RESEARCH AND DEVELOPMENT SPENDING - Research and development expenses rose to RMB 17,362, up from RMB 16,480
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| RMB 744.48 mln |
|
Reuters Recommended Reads
Aug 24 - China's RemeGen H1 revenue soars on drug sales, AbbVie deal
Aug 24 - China's Asymchem H1 revenue rises on strength in emerging businesses
Aug 24 - China's Nanjing Sinolife H1 profit falls on higher selling and distribution expenses
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on Austar Lifesciences
See all newsAustar Lifesciences H1 profit drops on higher R&D spending
Brief: Austar Lifesciences Expects HY Profit Attributable Of RMB8 Million-RMB10 Million
Brief: Austar Lifesciences Posts FY Revenue RMB 1,530.7 Million
Brief: Austar Lifesciences Expects Profit Attributable Of Not Less Than RMB30 Million For FY
Brief: Austar Lifesciences Says Chen Yuewu Resigned As Executive Director