Financial Wire

Haisco Pharmaceutical Expects Q1 Profit to Skyrocket to 1,095%; Shares Up 3%

-- Haisco Pharmaceutical (SHE:002653) expects its net profit attributable to shareholders in the first quarter surge between 923% and 1,095% year on year to 477 million yuan to 557 million yuan, according to a Shenzhen bourse filing on Monday.

Earnings per share during the same period is expected to be between 0.43 yuan and 0.50 yuan.

The attributable profit a year earlier was 46.6 million yuan, or 0.04 yuan per share.

The pharmaceutical company's shares jumped less than 3% during the midday trade.

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