Shandong Pharmaceutical Glass increases net profit by 6.3% in Q1 2009

Shandong Pharmaceutical Glass Co., Ltd (600529) released its financial report in Q1 2009. The company achieved the revenues at 266 million yuan, increased by 6.3% year-on-year and 1.1% quarter-on-quarter, and the net profit at 35,960,000 yuan, increased by 1.8% y-o-y. The key enabler of the net profit growth lower than revenue growth was the decline of gross profit ratio and the increase of cost rate for the period.

Shandong Pharmaceutical Glass Co., Ltd is the leader of pharmaceutical glass packaging companies in China. With technological advantages and high downstream demand benefiting from medical reform, Shandong Pharmaceutical Glass continually enhances its competitiveness in overseas market.