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Samsung Biologics Posts Record Sales on U.S. Production

Samsung Biologics recorded an all-time high revenue in the third quarter of this year, following the previous quarter, as the full-capacity operation of Plants 1 to 4 and U.S. production were reflected in the revenue. The company raised its revenue growth forecast for this year from the previous 15~

Samsung Biologics reported record sales in the third quarter of this year, with full-capacity operation of Plants 1 to 4 and U.S. production contributing to its revenue growth. The company raised its revenue growth forecast for the year from 15-20% to 20%, with consolidated revenue reaching 1.4903 trillion won, an 18% increase from the previous quarter and a 12% increase from the same period last year.

While net profit grew by 9% to 391.1 billion won, the operating profit margin slowed to 43%, down 7% points from the previous year's 50%.

Brief written by urgent.news from BusinessKorea's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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