Fosun sees stellar H1 expansion

Updated 2017-08-31 10:01:48 Shanghai Daily

Fosun Pharma Group turned in strong double-digit growth in revenue and profit as well as overseas income in the first half of the year, the Chinese pharmaceutical company said yesterday.

The company posted a 20.4 percent jump in revenue to 8.35 billion yuan (.24 billion) while profit added 12.6 percent from a year ago to 1.69 billion yuan. Income from overseas surged 58.6 percent annually to 1.47 billion yuan amid its successful global strategy.

In the first six months, revenue from pharmaceutical manufacturing and research and development totaled 5.77 billion yuan, up 19.12 percent annually while that of its healthcare business gained 37 percent from a year ago to 1.01 billion yuan.

The group said it spent 626 million yuan on research and development in the first half, up 28 percent from the same period a year ago.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58November 24 2017 02:34:53

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16November 24 2017 02:34:53

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18November 24 2017 02:34:53

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords