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  • Why HK Inno.N¡¯s sales and operating profit fell
  • by Kim, Jin-Gu | translator Kim, Jung-Ju | Aug 2, 2023 05:25am
amid rising K-Cab sales
Sales in Q2 KRW 251.9 billion ¡æ KRW 204.4 billion... operating profit KRW 17.7 billion ¡æ KRW 15.3 billion
Sales of the company¡¯s MSD vaccine falls 55% within a year..."Base effect from concentrated Gardasil shipments"
K-Cab posts sales of KRW 38.4 billion...on the rise after operating new plants for IV solutions
HK Inno.N's sales and operating profit declined significantly in Q2 this year. This can be attributed to the sharp decline in MSD vaccine sales amid brisk earnings of its flagship product, K-Cab (tegoprazan),.

HK InnoN explained that shipments of Gardasil, its cervical cancer vaccine, were concentrated in the second quarter of last year before the company¡¯s price hike, and the resulting base effect occurred in Q2 this year.

According to the Financial Supervisory Service on the 1st, HK Inno.N's sales in Q2 were KRW 204.4 billion, down 18.9% YoY from the KRW 251.9 billion it posted in the second quarter of last year. During the same period, the company¡¯s operating profit decreased by 13.2% from KRW 17.7 billion
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