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  • GC Biopharma ends its 2-quarter deficit run
  • by Kim, Jin-Gu | translator Kim, Jung-Ju | Aug 2, 2023 05:25am
...succeeds in improving profitability
Operating profit in Q2 KRW 23.7 billion... 81% surge YoY
¡°Expands sale of profitable products... the effect of efficient cost execution"
Driven by the company¡¯s blood derivative business... ¡°will release the product in the U.S. in 2H next year¡±
GC Biopharma, which had recorded an operating loss for 2 consecutive quarters, succeeded in turning a profit this quarter. GC Biopharma explained that the company has succeeded in doing so by increasing sales of highly profitable products and efficient execution of costs.

GC Biopharma also announced plans to accelerate its overseas business with a focus on blood derivatives. GC Biopharma explained that the company plans to release its immunoglobulin 10% for intravenous administration product within the second half of next year and speed up exports of its blood product plant in Indonesia.

Ends the 2nd quarter streak of operating losses...¡¯Expansion of high-margin product sales + reduced expenditures¡¯

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