WuXi AppTec Co. said its net profit for the third quarter fell 8.1% as higher costs and finance expenses offset a jump in revenue.
Net profit fell to 651.2 million yuan ($97.0 million) from CNY708.4 million a year earlier, the Shanghai-based company said late Thursday in a preliminary earnings statement.
Revenue jumped 35% to CNY4.58 billion as revenue from the company's China-based laboratory services rose 39% on year.
WuXi AppTec operates one of the largest platforms for drug research and development in Asia.
Write to Singapore editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
10-29-20 2101ET