Samsung Biologics’ profit near doubles on strong orders

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The story "Samsung Biologics’ profit near doubles on strong orders" was covered 1 months ago by Korea Economic Daily, a news publisher based in South Korea.

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Samsung Biologics’ profit near doubles on strong orders - Korea Economic Daily

Quick Summary:

Samsung Biologics on Friday reported an operating profit of 983.6 billion won ($796.4 million) in 2022 on a consolidated basis, up 83% from the previous year, with sales soaring 91% to 3 trillion won.

Samsung Biologics Co., the world’s top contract drugmaker, said its profit almost doubled last year thanks to more orders as its sales surged after acquiring a nearly 50% stake in a biosimilar joint venture with Biogen Inc.

RECORD SALES ON HEALTHY ORDERSOn a separate basis, Samsung Biologics said its operating profit jumped 80% to 968.1 billion won as sales leaped 55% to a record high of 2.4 trillion won.