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6118 — Austar Lifesciences News Story

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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.)

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