Austar Lifesciences Announces 2022 Annual Results
HONG KONG, Mar 31, 2023 - (ACN Newswire via SEAPRWire.com) - Austar Lifesciences Limited ("AUSTAR" or "Company") (HKEX Stock Code: 6118.HK), a technology-based pharmaceutical engineering solution provider, together with its subsidiaries (collectively the "Group" or "AUSTAR Group"), announced its audited annual results for the year ended 31 December 2022 ("Reporting Period"). Although the Group was affected by the requirements for epidemic control causing challenges to its supply chain, manufacturing, and project execution, the Group recorded a growth of approximately 10.6% in revenue as compared to the corresponding period in 2021. Thanks to the Group's capacities to offer modular and innovative solutions with digitalisation and robotic technologies based on excellent containment-based engineering and contamination control practices, the Group's product lines in the sectors of active pharmaceutical ingredients (API) and oral solid dosage (OSD) in chemical drugs have still been recorded a significant growth in order-in-take and revenue.RESULTS OF OPERATIONS BY BUSINESS SEGMENTLiquid and Bioprocess SystemDuring the Reporting Period, through effective management of supply chain and pr...
