KOSDAQ-listed pharmaceutical firms rose 13 percent in first-quarter profit

According to data released by Yakup Shinmoon, the first-quarter profit of 13 KOSDAQ-listed pharmaceutical firms rose 13.6 percent year-on-year to 14.2 billion won on the back of profit-oriented management via sustained shrinkage of general sales & administrative expenses and shortened period of account receivables period, and incessant restructuring from last year, as part of efforts to cope wi...