Corporate digest

Tianjin Zhong Xin Pharma

TIANJIN Zhong Xin Pharmaceutical Group Corp saw net profit for the third quarter ended Sept 30 slide 6 per cent year on year to 89.32 million yuan (S$18.4 million).

Meanwhile, revenue for the three-month period fell 10 per cent to 1.49 billion yuan. However, gross profit rose 9 per cent to 473.15 million yuan as cost of sales came down 17 per cent to 1.02 billion yuan. Earnings per share came to 0.12 yuan, down from 0.13 yuan a year ago.