Celltrion posts first W500b quarterly operating profit

What happened: Celltrion posted preliminary third-quarter revenue of 1.5 trillion won and operating profit of 510 billion won, its first quarter above 500 billion won and a third straight record. Key numbers: Revenue 1.5 trillion won, up 45.8 percent on-year. Operating profit 510 billion won, up 69.2 percent. Why it matters: Celltrion exceeded its quarterly profit targets for three consecutive quarters, which the company credits to its growth strategy execution. It expects momentum to continue in the fourth quarter, aided by the US launch of Omlyclo and increased supply in Europe.

Celltrion posted preliminary third-quarter revenue of 1.5 trillion won and operating profit of 510 billion won, its first quarter above 500 billion won and a third straight record.

Celltrion exceeded its quarterly profit targets for three consecutive quarters, which the company credits to its growth strategy execution. It expects momentum to continue in the fourth quarter, aided by the US launch of Omlyclo and increased supply in Europe.