Bloomberg News

Shanghai Pharmaceuticals Rises After Quarterly Profit Gain

October 27, 2011

Oct. 28 (Bloomberg) -- Shanghai Pharmaceuticals Holding Co. rose in pre-market Shanghai trading after reporting a gain in third-quarter profit.

The stock rose 1.4 percent as of 9:28 a.m. in Shanghai. Third-quarter net income rose 2.6 percent from a year ago to 358 million yuan, the company said in a statement to the city’s stock exchange yesterday.

To contact the editor responsible for this story: Chua Kong Ho at kchua6@bloomberg.net


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