Zhongzhi Pharmaceutical Expects Profit to Plunge 45% in 2024

MT Newswires Live
01-17

Zhongzhi Pharmaceutical (HKG:3737) expects a 45% year-over-year decline in net profit in 2024, a Friday bourse filing said.

The drugmaker attributed the anticipated drop in profit mainly to a lower gross profit margin and a rise in investment costs through online channels and offline advertising expenses.

Price (HKD): $1.01, Change: $-0.010, Percent Change: -0.98%

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