Recorded Q1'24 consolidated revenue of KRW 946.9 billion Recorded Q1'24 consolidated operating profit of KRW 221.3 billion Sustained growth driven by ongoing strategic expansion in capacity and portfolio INCHEON, South Korea, April 24, 2024 /PRNewswire/ -- Samsung Biologics (KRX: 207940.KS), a global contract development and manufacturing organization (CDMO), today announced financial results for the first quarter of fiscal year 2024. "Our continued growth momentum reflects not only our ability to meet the diverse and expanding needs of our clients, but also our unwavering commitment to quality and operational excellence. With accumulated orders exceeding USD 12.5 billion, the demand for our client-centric services remains robust," said John Rim, CEO and President of Samsung Biologics. "Proactive investments in cutting-edge therapeutic technologies and the ongoing construction of our antibody-drug conjugate (ADC) facility will drive our advancements in next-generation drug development. We also remain fully committed to expanding our production capabilities and securing additional capacity with the completion of Plant 5 next year to support market demands and deliver exceptional value to our partners and shareholders." FIRST QUARTER 2024 RESULTS In the first quarter of 2024, Samsung Biologics reported a consolidated revenue of KRW 946.9 billion, marking a 31.3% increase from KRW 720.9 billion in the prior-year period. This growth was driven by the successful ramp-up of Plant 4 ...