Pharmaceutical Industry News
Pharmaceutical Sector Continues Uptrend
Tuesday, 04, May 2010
The pharmaceutical sector recorded 14.1 percent and 47.4 percent year-on-year increases in 2009 sales revenue and net profit, reports 163.com, citing data released by Shenyin & Wanguo Securities.In the fourth quarter of 2009, the sector recorded a 26.6 percent year-on-year increase in sales revenue while net profit surged 180.6 percent.In the first quarter of 2010, the pharmaceutical sector recorded a 23.6 percent year-on-year increase in sales revenue. Net profit jumped 64.5 percent year-on-year after the deduction of non-recurring gains and losses.
Shenyin & Wanguo Securities attributed the growth recorded by the pharmaceutical industry in the first quarter of 2010 to government support and the low base in the same period last year.According to data by Shenyin & Wanguo Securities, the net profit margin of the pharmaceutical sector rose by two percentage points year-on-year to eight percent in the first quarter of 2010.The ratio of operating cash flow to net profit was 0.36 in the first quarter of 2010, down from 1.23 in 2009.