Hyphens Pharma’s NPAT down 5.6% y-o-y at $2 mil for 3QFY2024
_0_1.jpg)
The group’s revenue was up 2.5% y-o-y at $43.9 million in 3QFY2024.
Hyphens Pharma International has reported a net profit after tax (NPAT) of $2 million for the 3QFY2024 ended September, down 5.6% y-o-y from the same period last year.
This came on the back of higher distribution costs in line with improved sales and higher manpower costs, as well as an increase in administrative expenses. This was partially offset by higher gross profit and foreign exchange gains due to favourable local currency exchange rate movement against the US dollar and euro, which are the major currencies for the group’s supplies.
Meanwhile, the group’s revenue was up 2.5% y-o-y at $43.9 million in 3QFY2024, due to improved sales driven mainly by business in Singapore and Malaysia.
Gross profit rose by 12.1% y-o-y to $17 million in 3QFY2024, while gross profit margin stood at 38.7%, as compared to 35.4% in 3QFY2023.
Shares in Hyphens Pharma closed flat at 28.5 cents on Nov 12.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10