Abbisko Cayman Reports Major Profit Turnaround

Abbisko Cayman Limited (HK:2256) has released an update.

Abbisko Cayman Limited has issued a positive profit alert, revealing a significant revenue increase to approximately RMB497 million and an expected profit of RMB200-220 million for the first half of 2024. This marks a substantial improvement from the RMB209 million loss reported in the same period the previous year, thanks largely to an out-licensing agreement for a key product and enhanced business efficiency. The company cautions that these figures are based on unaudited accounts and are subject to confirmation in the official interim results to be published later.

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