November 2 -- Luoxin Pharmacy (08058.HK) posted a 17.97 percent year-on-year rise in net profit for the first three quarters to 327 million yuan, with earnings per share of 0.537 yuan, reports Quamnews, citing a company filing.

Sales revenue during the same period increased about 30 percent year-on-year to 1.17 billion yuan, while gross profit margin hit 61.31 percent, up 7.87 percent from the 53.44 percent recorded last year.

The company benefited from the launch of high-end products.

The company posted third quarter net profit of 96.55 million yuan, an increase of 12.91 percent year-on-year.