Dong-A ST, Q1 Sales 140.1 Billion Won... Operating Profit Down 89%
Dong-A ST (Dong-A ST) announced on the 2nd that its first-quarter performance this year recorded sales of 140.062 billion KRW and an operating profit of 735 million KRW. Compared to the same period last year, sales increased by 3.7%, but operating profit decreased by 89.0%.
![Exterior view of Dong-A ST headquarters building <br>[Photo by Dong-A ST]](http://www.asiae.co.kr/news/img_view.htm?img=2015042016455477071_1.jpg)
The company explained, "Sales increased due to growth in the ethical drugs (ETC) and overseas business sectors," adding, "Operating profit decreased due to increased research and development (R&D) expenses."
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In the ETC sector, although sales of some prescription drug items declined, sales increased by 0.6% year-on-year to 101.6 billion KRW as the growth hormone product Grotrophin grew. The overseas business sector also grew by 16.6% year-on-year due to increased sales of Canbakkas in the Cambodia region.
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