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Celltrion reports record quarterly operating profit of 510 billion won

South Korean biopharmaceutical firm Celltrion achieved a record quarterly operating profit, exceeding 500 billion won in the third quarter.

FTMQ Business, written by our newsroom0 views

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Celltrion has achieved a record third-quarter operating profit that surpassed 500 billion won for the first time. BigGo Finance, Businesskorea, and Seoul Economic Daily all report that the South Korean biopharmaceutical firm reached this financial milestone under founder Seo Jung-jin. [1][8][9]

Businesskorea and Asia Economy report that Celltrion recorded an operating profit of 510 billion South Korean won for the quarter. Asia Economy notes that this figure represents a 70 percent increase compared to the previous period. [8][10]

According to Seoul Economic Daily, the record performance was driven primarily by sales of high-margin biosimilar products. [9]

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In short

  • Celltrion achieved a record quarterly operating profit of 510 billion South Korean won.
  • The operating profit surpassed 500 billion won for the first time in the company's history.
  • Asia Economy reported that Celltrion's third-quarter operating profit grew by 70 percent.
  • Seoul Economic Daily reported that high-margin biosimilars drove the profit record.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]Celltrion Q3 Operating Profit Tops ₩500 Billion for First Time — Seo Jung-jin's Targets Hit AgainBigGo Finance, 3h ago (the report this story comes from)
  2. [2]Waymo Secures $5 Billion Loan—Its First—to Fuel Expansion PlansInc. Magazine, 1d ago
  3. [3]The S&P 500 Just Hit a Record High -- Here's How Much Higher It Can Climb, According to the Wall Street ConsensusThe Motley Fool, 10h ago
  4. [4]The S&P 500 Just Hit a Record High -- Here's How Much Higher It Can Climb, According to the Wall Street ConsensusThe Globe and Mail, 10h ago
  5. [5]The S&P 500 Just Hit a Record High -- Here's How Much Higher It Can Climb, According to the Wall Street ConsensusThe Globe and Mail, 10h ago
  6. [6]The S&P 500 Just Hit a Record High -- Here's How Much Higher It Can Climb, According to the Wall Street ConsensusYahoo Finance, 10h ago
  7. [7]The S&P 500 Just Hit a Record High -- Here's How Much Higher It Can Climb, According to the Wall Street ConsensusThe Globe and Mail, 10h ago
  8. [8]Celltrion Posts Record 510 Billion Won Quarterly Operating ProfitBusinesskorea, 3h ago
  9. [9]Celltrion Posts Record Quarterly Profit on High-Margin BiosimilarsSeoul Economic Daily, 3h ago
  10. [10]Celltrion Q3 Operating Profit Soars 70% to Record KRW 510 Billion아시아경제, 4h ago

Background

  1. [11]Sold Out on You on Wikipedia

Our newsroom writes these reports with the help of software, from the 11 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

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