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ASKA Pharmaceutical Achieves Record Sales Amidst Rising R&D Costs

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ASKA Pharmaceutical Achieves Record Sales Amidst Rising R&D Costs

An announcement from ASKA Pharmaceutical Holdings Co., Ltd. ( (JP:4886) ) is now available.

ASKA Pharmaceutical Holdings Co., Ltd. reported record-high sales in the third quarter of FY2024, driven by continued growth in its pharmaceutical and animal health businesses. Despite increased sales, operating profit remained stable year-over-year due to rising SG&A expenses linked to R&D progress, while the cost of sales ratio improved due to a favorable product mix.

More about ASKA Pharmaceutical Holdings Co., Ltd.

ASKA Pharmaceutical Holdings Co., Ltd. operates in the pharmaceutical industry, focusing on the development and sale of pharmaceuticals and animal health products. The company is known for brand-name drugs such as RELUMINA and RIFXIMA.

YTD Price Performance: -6.29%

Average Trading Volume: 58,094

Technical Sentiment Consensus Rating: Hold

Current Market Cap: Yen55.89B

See more data about 4886 stock on TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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