Summary by Moomoo AI
KINGSLEY BIOTECHNOLOGY CO., LTD. ANNOUNCED RESULTS FOR THE YEAR ENDED DECEMBER 31, 2023, WITH REVENUES OF APPROXIMATELY $839.5 MILLION, AN INCREASE OF 34.2% OVER THE PREVIOUS YEAR. Of these, external revenue from the non-cellular therapeutics business was approximately $554.5 million, an increase of 8.9%; external revenue of the cell therapy business was approximately $285.0 million, an increase of 144.2%. Gross profit was approximately $409.6 million, an increase of 34.7%. Adjusted net loss narrowed to approximately $298.2 million, the loss attributable to the owners of the company decreased to approximately $95.5 million. The Group will continue to invest in cellular and gene therapy (CGT) related services and products and improve operational efficiency through digital transformation and streamlined management systems. The Board of Directors does not recommend the distribution of a final dividend to preserve the development of the Resource Operations business.