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Tianjin expects net profit to increase around 118% to 142% y-o-y due to sale of Tianjin TSKF Pharmaceuticals

Nicole Lim
Nicole Lim • 2 min read
Tianjin expects net profit to increase around 118% to 142% y-o-y due to sale of Tianjin TSKF Pharmaceuticals
Excluding non-recurring gains or losses, Tianjin expects a y-o-y decrease in net profit due to a decrease in investment income from company’s associated companies including TSKF. Photo: Tianjin Pharmaceuticals
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Tianjin Pharmaceutical Da Ren Tang Group expects its net profit attributable to the owners of the parent for the FY2024 ended Dec 31, 2024 to range from around RMB2.15 billion ($400.0 million) to RMB2.39 billion.

This is an increase of around 118% to 142% y-o-y, or RMB1.16 billion to RMB1.40 billion, compared to the FY2023. 

The company says that after deducting nonrecurring gains or losses, the net profit attributable to the owners of the parent for the FY2024 will range from about RMB710 million to RMB840 million. This is a decrease of approximately RMB242 million to RMB112 million compared to FY2023, reflecting a year-on-year decrease of approximately 25% to 12%.

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