May 13, 2009 / 8:01 AM / in 10 years

China Medical System 2008 pretax profit up 88 pct

* FY pretax profit $19.5 mln vs $10.3 mln year ago

* Shares up 16.8 pct (Adds details)

May 13 (Reuters) - China Medical System Holdings Ltd CMSH.L reported on Wednesday an 89 percent jump in full-year pretax profit on a 40 percent rise in turnover.

The Chinese pharmaceutical sales, marketing and research company reported a pretax profit of $19.5 million for the year ended Dec. 31, 2008, compared with $10.3 million a year ago. Adjusted net profit rose 32 percent to $15.0 million.

Turnover increased to $72.6 million from $51.7 million. Shares of the company were up 23.5 pence at 163.5 pence at 0758 GMT on the London Stock Exchange. (Reporting by Ramkumar in Bangalore; Editing by Vinu Pilakkott)

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