, Hong Kong
170 views

Jacobson Pharma profit climbs nearly 20% to $173.7m

This is despite the 8% revenue drop during the year ended March 2021.

Jacobson Pharma Corporation Limited reported its profit grew 19.4% to $173.7m in the year ended March 2021, amidst the pandemic.

The Group made a total revenue of $1.44b during the year, declining by 8% compared to the previous year.

Its generic drugs business segment recorded a revenue worth $1.04b, which was attributed to the steady growth in the public sector that was offset by a drop in sales momentum in the private sector.

Meanwhile, its branded healthcare business saw a 4.1% revenue growth to $397.1m.

“Although market situations have been challenging, the Group has remained steadfast in delivering its growth strategies and fortifying its leadership in the generic drugs market in Hong Kong,” Derek Sum, chairman and CEO of Jacobson Pharma, said.

The Group declared a final dividend of HK1.5 cents per share. In total, the Group has distributed HK17.3 cents per share divided during the year, compared to HK4.5 cents per share in the previous year.

During the year, the Group managed to successfully spin-off and separately list its branded healthcare business, JBM Healthcare. The Group now holds 53.74% interest in JBM Healthcare, following the listing in February 2021.

The Group was also the official distributor of the Fosun Pharma/BioNTech Comirnaty vaccine in Hong Kong and Macau.

Follow the links for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Unemployment rate rises to 5.4% from February to April
The total number of unemployed people stands at 206,100.   The unemployment rate rose by 0.4 percentage points to 5.4%  from February to April, when compared to the January to March period.    Based on the data from the Census & Statistics Department (C&SD), the total number of unemployed people from February to April was 206,100, an increase of 17,600 from the preceding three-month period.   Meanwhile, the number of unemployed rose by around 25,000 to 142,000, translating to a rate of 3.8%.   With the increase in the number of jobless and underemployed individuals, total employment dropped to 3,559,200, whilst the labour force fell to 3,765,300.   The deterioration of Hong Kong’s labour market however should see an improvement in the coming months, according to Secretary for Labour & Welfare, Dr Law Chi-kwong.   The receding local epidemic situation and progressive relaxation of social distancing measures, the new round of Consumption Voucher Scheme, and Other relief measures including the 2022 Employment Support Scheme should help drive improvement in the employment sentiment, said the C&SD.  
Economy