3SBio Inc. Reports Higher Sales, Flat Earnings

ChinaBio Today -- 3SBio Inc. announced that 2008 revenues rose 35% to 243 million RMB ($35.7 million). At the same time, following a trend seen in much of China biopharma, net income failed to keep pace with the increase in revenue. 3SBio said non-GAAP net income was 75 million RMB ($11 million) for the year, almost even with 2007’s results.

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