Samsung BioLogics losses not as bad in Q3 this year

Home > Business > Industry

print dictionary print

Samsung BioLogics losses not as bad in Q3 this year

Samsung BioLogics, a biopharmaceutical unit of Samsung, said Tuesday its third-quarter net losses narrowed slightly from a year earlier on reduced equity deficit from its affiliates.

For the three month period ending Sept. 30, net losses shrank to 30.14 billion won ($26.5 million) from 31.69 billion won a year earlier, the company said in a regulatory filing.

Operating profit fell 49 percent to 10.4 billion won in the third quarter from 20.4 billion won a year ago. Sales fell 21 percent to 101 billion won from 127.4 billion won.


More in Industry

Chaebol heads talk shop at closed-door dinner

Arkana arrives

Low battery

Kitting up

I've got two words for you: Biodegradable plastic

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now