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Tianjin Zhong Xin Pharma records 1Q21 earnings jump of 25% y-o-y to $44 million

Atiqah Mokhtar
Atiqah Mokhtar4/29/2021 5:45 PM GMT+08  • 1 min read
Tianjin Zhong Xin Pharma records 1Q21 earnings jump of 25% y-o-y to $44 million
The higher earnings follow increased sales in tandem with China's economic recovery.
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Tianjin Zhong Xin Pharmaceutical Group Corporation has reported earnings of RMB213 million ($43.5 million) for its 1QFY2021 ended March, up 25% y-o-y.

The higher earnings follow an increase in revenue for the period, which climbed 10% y-o-y from RMB1.65 billion to RMB1.83 billion on the back of higher sales in tandem with China’s recovering economy.

Gross profit for the 1QFY2021 grew 13% y-o-y to RMB753.4 million, with gross profit margin was 41.2%, up 1.2 percentage points from the previous year.

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