Title | GC Pharma Reports Q1 2020 Results | ||||||||||||
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Date of registration | 2020-04-29 | ||||||||||||
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Contents | Q1 performance confirms return to growth
YONGIN, South Korea, 29 April 2020 - GC Pharma (formerly known as Green Cross Corporation) (KRX: 006280), a South Korean biopharmaceutical company, today announced unaudited consolidated financial results for the three months ended 31 March 2020. First-Quarter Reported Results(1)
(1) Results from continuing operations (Green Cross MS’ blood bag business has been classified as discontinued operations) (2) Results and percentages compare to equivalent 2019 period
●Unconsolidated revenues increased 8.1%, reflecting strong international sales ● Double-digit growth in consolidated subsidiaries, including Green Cross MS and Green Cross LabCell ● Green Cross local sales up 5.5% reflecting strong CHC segment performance ● Green Cross international sales benefited from strong vaccines growth, Flu Vx and VZ Vx sales up 711%, 1,095% respectively ● Operating profit growth driven by favourable mix and bottom line reflected anticipated headwinds
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