Smaller pharmaceutical firms’ sales up, profitability down

A total of 17 pharmaceutical firms listed on KOSDAQ market saw their revenues and operating incomes increase on-year 2011. But their ability to generate cash from a variety of operating activities fell 16 percent on worsening profitability as a result of uncertain factors.

According to Yakup.com, a pharmaceutical information company, the combined revenue and operating income of 17 firms rose...