Sinovac: 2Q Earnings Snapshot
BEIJING (AP) _ Sinovac Biotech Ltd. (SVA) on Thursday reported net income of $12.2 million in its second quarter.
On a per-share basis, the Beijing-based company said it had profit of 11 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 12 cents per share.
The biopharmaceutical company posted revenue of $64 million in the period.
Sinovac shares have dropped nearly 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.47, a fall of 21% in the last 12 months.