Sinopharm Group Second Quarter 2024 Earnings: CN¥0.13 loss per share (vs CN¥0.19 loss in 2Q 2023)

Sinopharm Group (HKG:1099) Second Quarter 2024 Results

Key Financial Results

• Net loss: CN¥419.6m (loss narrowed by 31% from 2Q 2023).
• CN¥0.13 loss per share (improved from CN¥0.19 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sinopharm Group Earnings Insights

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Healthcare industry in Hong Kong.

Performance of the Hong Kong Healthcare industry.

The company's shares are down 9.5% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Sinopharm Group's balance sheet.

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