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  • SK¡¯s CMO business posted KRW 812 billion last year¡¦
  • by Chon, Seung-Hyun | translator Kim, Jung-Ju | Apr 11, 2024 05:44am
shows sluggish growth
Last year's sales fall 11% YoY... due to decreased demand for consignment of COVID-19 drugs
Last year's operating loss turned into a deficit of KRW 89 billion... due to increased investment in facilities of acquired companies etc.
SK Group's contract manufacturing organization (CMO) business posted a deficit last year. Sales reached nearly KRW 1 trillion, but its growth was sluggish. Investments increased due to the expansion of production facilities at acquired companies, and demand for contract manufacture of COVID-19 drugs from overseas pharmaceutical companies decreased.

According to SK on April 9, SK Pharmteco¡¯s sales revenue last year was KRW 812 billion, down 10.5% from the previous year. SK Pharmteco posted an operating profit of KRW 49 billion in 2022 but turned to an operating loss of KRW 89 billion.

 ¡ã Quarterly sales of SK Pharmteco (Unit: 100 mil, Source: SK).


Established in January 2020 in California, U.S., SK Pharmteco is SK Group's contract manufacturing organization (CMO) in cha
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