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China Pharma Holdings, Inc. Announces First Quarter 2008 Financial Results





For the three months

ended March 31,

2008 2007

Revenue $11,717,045 $7,233,768

Cost of revenue 5,909,768 3,934,849

Gross profit 5,807,277 3,298,919

Operating expenses:

Selling expenses 337,792 147,883

General and administrative 815,793 1,306,086

Total operating expenses 1,153,585 1,453,969

Income from operations 4,653,692 1,844,950

Non-operating income (expenses):

Interest income

-- 13,775

Interest expense (45,273) (56,899)

Other income -- 572,213

Total non-operating income (expense) (45,273) 529,089

Income before taxes 4,608,419 2,374,039

Income tax expense 417,878 --

Net income $4,190,541 $2,374,039

Comprehensive income - foreign currency

translation adjustments 1,745,242 216,416

Comprehensive income $5,935,783 $2,590,455

Basic and Diluted Earnings Per Share $0.11 $0.07

Basic and Diluted Weighted Average

Shares Outstanding 37,278,938 36,337,958

SOURCE China Pharma Holdings, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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