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Austar Lifesciences Forecasts H1 Profit Fall to $6.4 Million

MT Newswires ·  08/08 15:36

03:35 AM EDT, 08/08/2022 (MT Newswires) -- Austar Lifesciences (HKG:6118) forecast at least 43 million yuan ($6.4 million) in profit attributable to owners in the first half.

The technology-based pharmaceutical engineering solution provider logged 218 million yuan in profit in the year prior.

The expected profit fall is mainly attributed to the one-off net gain before income tax of 199 million yuan from the company's disposal of its 60% equity interest in a joint venture in the year-ago period.

Austar's interim results announcement is expected to be released in late August.

Price (HKD): $2.46, Change: $+0.01, Percent Change: +0.41%

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