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Shanghai Pharma's H1 profit down 14.5%

Aug. 22, 2012 (China Knowledge) - Shanghai Pharmaceuticals Holding Co Ltd<601607><2607>, has announced its net profit for the first half of this year to decrease 14.52% YoY to RMB 1.15 billion, according to a statement filed with Shanghai Stock Exchange.

Basic earnings per share for the six-month period were RMB 0.43, 31.78% lower than in the corresponding period of 2011.

From January to June, the Shanghai and Hong Kong-listed firm's operating revenue surged 30.02% YoY to RMB 33.62 billion.

Revenue from its medicine distribution business grew 34.9% from a year earlier to RMB 28.83 billion in the period, while that from medicine retail business reached RMB 1.32 billion, reflecting a YoY increase of 23.88%.

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