Back    Zoom +    Zoom -
INNOVENT BIO Soars 6%+ as It Records First Annual Profit of RMB814M
Recommend
1
Positive
4
Negative
3
INNOVENT BIO (01801.HK) achieved its first annual profit, spurring its stock price today (27th) with an initial rise of 0.88% at the open bell, peaking at HKD85.55. It last posted at HKD84.7, up 6.68%, with a trading volume of 10.698 million shares, involving HKD890 million.

INNOVENT BIO turned from loss to profit last year, earning RMB814 million, with revenue of RMB13.042 billion, marking a 38.4% YoY increase. On non-IFRS measures, the profit reached RMB1.723 billion.

Related News G Sachs Slightly Lowers TP for INNOVENT BIO (01801.HK) to HKD102.84, Rating 'Buy'

AASTOCKS Financial News
Website: www.aastocks.com