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Hyphens Pharma reports higher earnings for FY2024 of $10.9 mil after acquisition of Ardence Pharma

Nicole Lim
Nicole Lim • 2 min read
Hyphens Pharma reports higher earnings for FY2024 of $10.9 mil after acquisition of Ardence Pharma
One key cost pressure for the group is the rising cost from the group’s principals, which has led to a squeeze on its profit margins. Photo: Albert Chua/The Edge Singapore
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Pharmaceutical company, Hyphens Pharma, has reported earnings of $10.9 million for its FY2024 ended Dec 31, 2024, a 26.5% y-o-y increase. 

However for the 2HFY2024 reporting period, the group reported a 1.5% y-o-y decrease in earnings of $4.98 million. 

Earnings per share for FY2024 came in at 3.30 cents per share, up from the 2.77 cents per share declared in FY2023. 

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