JW Pharmaceutical, net profit in the third quarter turned to surplus… sales decreased by 3.5%

Panoramic view of JW Jungwae Pharmaceutical’s headquarters (Photo = Provided by JW Jungwae Pharmaceutical)

(Health Korea News / Changyong Lee) JW Pharmaceutical announced on the 6th that it recorded sales of 176.6 billion won on a separate basis in the third quarter through a disclosure of provisional business results. This is a 3.5% decrease compared to the same quarter last year (KRW 183 billion).

Operating profit during the same period was 26.3 billion won, a 1.6% decrease compared to the same period last year (26.8 billion won). On the other hand, net profit for the period was 19.7 billion won, turning into a surplus compared to the same quarter last year.

As a result, JW Pharmaceutical’s cumulative sales for the first to third quarters were KRW 525.4 billion and cumulative operating profit was KRW 65.6 billion, down 2.3% and 7.6%, respectively, compared to the same period last year. Cumulative net profit attracted attention by recording 48.8 billion won, a 205.9% surge compared to the same period last year (15.9 billion won).

(Joongwae Pharmaceutical’s provisional operating results for the third quarter of 2024 on a separate basis)

division(unit: million won%)

Current performance

previous year performance

Rate of change compared to the previous quarter(%)

Performance for the same period last year

Rate of change compared to the same period last year(%)

(24year 3branch)

(24year 2branch)

(23year 3branch)

take

Current performance

176,564

170,659

3.5%

182,921

-3.5

Cumulative performance

525,442

348,878

537,772

-2.3

operating profit

Current performance

26,340

12,502

110.7

26,756

-1.6

Cumulative performance

65,554

39,215

70,971

-7.6

net profit

Current performance

19,691

9,186

114.3

-17,780

Turn to surplus

Cumulative performance

48,770

29,079

15,945

205.9

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