Updated
Updated · MarketWatch · May 1
Sosei Group posts first-quarter net profit
Updated
Updated · MarketWatch · May 1

Sosei Group posts first-quarter net profit

6 articles · Updated · MarketWatch · May 1
  • The Japanese biotech reported net income of Y1.79 billion for the quarter ended 31 March, reversing a Y760 million loss a year earlier.
  • Revenue rose to Y11.26 billion from Y6.64 billion, while operating profit reached Y3.24 billion and pretax profit Y3.04 billion, both improving from losses last year.
  • Earnings per share were Y19.82, with diluted earnings of Y17.13. The company said the figures were prepared under IFRS accounting standards.
Is Nxera's partnership-heavy strategy the new winning formula for Japan's booming biotech market?
Can Nxera Pharma's milestone-fueled profit turnaround lead to sustainable long-term growth?