Innovative Pharma Biotech Reports Profit Decline

Innovative Pharmaceutical Biotech (HK:0399) has released an update.

Innovative Pharmaceutical Biotech Limited reported a notable decline in profit for the six months ending September 2024, with earnings dropping from HK$192.6 million to HK$101 million compared to the same period last year. Despite reduced revenue and increased research and administrative expenses, the company managed to maintain a positive profit margin. Investors may find interest in the company’s ability to sustain profitability amidst financial challenges.

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