Fosun Pharma Announces First Half Results

Binwei Wang
    Aug 26, 2020 2:15 PM  PT
Fosun Pharma Announces First Half Results
author: Binwei Wang   

Shanghai Fosun Pharmaceutical Co. Ltd (HKEX: 02196) announced Tuesday that its net profit in the first half year increased 13.1%.

The Shanghai-based company said its revenue reached 14,028 million yuan in the six months through June, while net profit amounted to 1,715 million yuan.

Yifang Wu, the president and chief executive officer of Fosun Pharma, said in today's announcement, "COVID-19 brings relatively huge influence and uncertainty to the global and China's economy."

Shares of Fosun Pharma closed up 2% on Wednesday in Hong Kong, at HK$31.80 per share.