CanSino Biologics Expects Narrower Attributable Loss in 2024

MT Newswires Live

2025/01/17

CanSino Biologics (HKG:6185, SHA:688185) expects to book a net loss attributable to the shareholders between 335 million yuan and 385 million yuan for 2024, narrower than 1.48 billion yuan logged for the preceding year, a Friday Hong Kong bourse filing said.

The biopharmaceutical company attributed the reduction in expected loss to an increase in the group's revenue resulting from the exclusive competitive market position of one of its vaccines, Menhycia, increased operational efficiency, and cost-saving measures.

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