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Samsung Biologics Q1 Operating Profit, Revenue Rise

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

Samsung Biologics Co.,Ltd. (207940.KS), a contract development and manufacturing organization, on Wednesday reported higher earnings for the first quarter, supported by revenue growth.

Operating profit increased to KRW 580.8 billion from KRW 430.2 billion last year.

EBITDA (earnings before interest, taxes, depreciation and amortization) rose to KRW 675.3 billion from KRW 514.6 billion a year earlier.

Revenue grew to KRW 1.257 trillion from KRW 999.5 billion in the previous year.

Looking ahead, the company said it is on track to meet its full-year outlook.

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