Sinopharm Reports Decreased Profits and Revenue

Sinopharm Group Co (HK:1099) has released an update.

Sinopharm Group Co. Ltd. has reported a decrease in revenue and net profit for Sinopharm Accord, its subsidiary, in the first half of 2024 compared to the same period last year, with revenue down by 1.57% and net profit by over 10%. Additionally, there was a significant 37.47% drop in net cash flow from operating activities. Despite these declines, total assets saw an increase of 8.06%.

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