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Hyphens Pharma nearly doubles 1QFY2024 earnings

The Edge Singapore
The Edge Singapore • 1 min read
Hyphens Pharma nearly doubles 1QFY2024 earnings
Company CFO Flora Zhang / Photo: Albert Chua
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Hyphens Pharma International has reported 97.6% higher y-o-y earnings of $2.7 million for 1QFY2024, nearly double that of the year-earlier period.

Revenue in the same three months ended March increased by 44.4% to $48 million.

The company attributes the better numbers to all-around improvement in sales of its products, especially that from its so-called speciality pharma principals segment, which has rebounded from supply chain woes in 1HFY2023.

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