bullish
Lotus Pharmaceutical (1795 TT): Record-High Performance in 2023; What Lies Ahead?
276 Views21 Mar 2024 09:30
SUMMARY
- Lotus Pharmaceutical (1795 TT) achieved 16% revenue growth to NT$17B in 2023, while net profit increased 36% to NT$4B. Growth was mainly driven by the strong performance of Asian business.
- For the first two months of 2024, the company reported revenue of NT$3B, representing 1% YoY decline. While exports grew, Asia business remained flat.
- 1Q24 should be flat or slightly negative for the company, while growth is expected to pick up from the later half of the year.
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Tina Banerjee
Global Healthcare Analyst
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