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Thursday, January 31, 2019

WuXi AppTec expects 70-86% increase in year net

WuXi AppTec Co., Ltd. (02359) said the realised
net profit attributable to shareholders of the company for the year of 2018 was estimated
to increase by RMB858.97 million to RMB1,055.3 million, representing a year-on-year
increase of 70% to 86%.
The estimated growth is mainly attributable to the continuous increase in revenue and
profit from the principal business of the company and the application of the new
accounting standards in relation to financial instruments, which would result in an
estimated change of the profit or loss for the current period from RMB566.38 million to
RMB664.88 million due to the recognition of change in fair value of financial assets
through profit or loss.

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