BEIJING (dpa-AFX) - Sinovac Biotech Ltd. (SVA) revealed a profit for third quarter that dropped from the same period last year.
The company's bottom line totaled $7.79 million, or $0.06 per share. This compares with $8.86 million, or $0.12 per share, in last year's third quarter.
Excluding items, Sinovac Biotech Ltd. reported adjusted earnings of $6.83 million or $0.07 per share for the period.
The company's revenue for the quarter rose 19.3% to $64.34 million from $53.95 million last year.
Sinovac Biotech Ltd. earnings at a glance:
-Earnings (Q3): $6.83 Mln. vs. $10.53 Mln. last year. -EPS (Q3): $0.07 vs. $0.14 last year. -Revenue (Q3): $64.34 Mln vs. $53.95 Mln last year.
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