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Sinovac: 2Q Earnings Snapshot

BEIJING (AP) _ Sinovac Biotech Ltd. (SVA) on Thursday reported net income of $12.2 million in its second quarter.

On a per-share basis, the Beijing-based company said it had profit of 11 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 12 cents per share.

The biopharmaceutical company posted revenue of $64 million in the period.

Sinovac shares have dropped nearly 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.47, a fall of 21% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SVA at https://www.zacks.com/ap/SVA