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Asymchem Laboratories' Profit Falls 6.8% in Q1; Shares Rise 8%

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-- Asymchem Laboratories (HKG:6821, SHE:002821) posted a net profit attributable to shareholders of 304.3 million yuan for the first quarter, down 6.8% from 326.6 million yuan a year earlier, according to a Monday Hong Kong bourse filing.

Hong Kong-listed shares of the pharmaceutical outsourcing services firm were up nearly 8% in Tuesday's midday trade.

Earnings per share came in at 0.84 yuan, compared with 0.89 yuan in the prior-year period.

Revenue rose 17% to 1.80 billion yuan from 1.54 billion yuan a year earlier.

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