Halved 2008 profit for Nippon Chemiphar
Nippon Chemiphar, a Japanese branded and generic drugmaker, reported more than halved profit, year-on-year, for the year to March 31, 2009 despite higher turnover.
The firm's net income was 168.0 million yen ($1.7 million) versus 390.0 million yen. R&D expenses were 1.43 billion yen, up 8%, while selling, general and administrative costs rose 3% to 11.34 billion yen.
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