JW Shinyak’s third quarter net profit increased by 216% to 6.1 billion won.

(Health Korea News / Chang-yong Lee) JW New Drug announced on the 7th that its net profit in the third quarter (separate basis) achieved KRW 6.1 billion, a 216.9% surge compared to the same quarter last year (KRW 1.9 billion) through provisional business performance disclosure.

During the same period, operating profit also increased by 212.3% compared to the same period last year (KRW 2.6 billion), reaching KRW 8.1 billion. Sales amounted to KRW 31.5 billion, a 20.1% increase from the previous year (KRW 26.2 billion).

As a result, JW New Drug recorded cumulative sales of KRW 76.9 billion and cumulative operating profit of KRW 12.9 billion in the first to third quarters, receiving an increase of 2.5% and 89.8%, respectively, compared to the same period last year. Cumulative net profit was KRW 9.2 billion, successfully turning into a surplus compared to the same period last year.

(JW Shinyak’s provisional operating performance for the third quarter of 2024 on a separate basis) (Unit: KRW million, %)

division(unit: million won%)

Current performance

previous year performance

Increase/decrease amount compared to the previous quarter (rate of increase/decrease)

Performance for the same period last year

Increase/decrease amount compared to the same period last year (rate of increase/decrease)

(24year 3branch)

(24year 2branch)

(23year 3branch)

take

Performance of the year

31,512

21,631

9,881(45.7%)

26,237

5,275(20.1%)

Cumulative performance

76,935

75,078

1,857(2.5%)

operating profit

Performance of the year

8,126

1,887

6,239(330.6%)

2,602

5,524(212.3%)

Cumulative performance

12,889

6,790

6,099(89.8%)

net profit

Performance of the year

6,053

1,196

4,857(406.0%)

1,910

4,143(216.9%)

Cumulative performance

9,171

-32,531

Turn into surplus

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