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Grand Pharma Announced Annual Results for the Year Ended 31 December 2023
2024-03-22

Financial summary

– For the year ended 31 December 2023 (the “Year”), the business of the Group grew steadily and recorded a revenue of approximately HK$10,529.59 million (2022: HK$9,562.29 million), representing a year-on-year increase of approximately 10.1%. If disregarding the impact of exchange rate fluctuation between RMB and HK$, it was increased by approximately 15.8% as compared with the same period in 2022.

– The gross profit of the Group was approximately HK$6,524.07 million (2022: HK$5,951.48 million), representing a year-on-year increase of approximately 9.6%. If disregarding the impact of exchange rate fluctuation between RMB and HK$, it was increased by approximately 15.3% as compared with the same period in 2022.

– The normalized profit for the Year attributable to the owners of the Company was approximately RMB 2,036.24 million, a decrease of approximately 4.7% compared to the same period last year. If disregarding the impact of exchange rate fluctuation between RMB and HK$, it would have increased by approximately 0.2% compared with the same period in 2022.

– It is the objective of the Group to share the operating results of the Group and protect the shareholders’ interests. Based on the good performance during the Year, the board of directors recommends the payment of a final dividend of 26 cents per share, totaling amounted to approximately HK$905.14 million.

– During the Year, the Group continued to invest in ongoing research projects and the introduction of innovative projects. The Group’s investment in research and development work and projects, including the research and development expenses, capitalized research and development expenses, prepayments for new projects and other investments, was approximately HK$1,441.00 million.

Read more here: https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0320/2024032000001.pdf

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