Navigation Links
Dragon Pharma reports 2010 first quarter financial results
Date:5/17/2010

total sales of the Company for the first quarter of 2010. This was mainly due to the market price of 7-ACA rose 27% during the first quarter of 2010 as compared to the same period of 2009, since the price then was depressed due to the financial crisis. The production level of 7-ACA remained same since it was running at full capacity. During the quarter, the Company continued to use more of its 7-ACA production for in-house downstream applications. As a result, the sales volume of 7-ACA reduced 21% from 135 tons to 107 tons while the sales of Cephalosporin crude bulk APIs and formulation drugs increased 348% and 9% respectively as compared to the same quarter of 2009.

Cost of sales for the quarter ended March 31, 2010 was $36.96 million compared to $30.55 million for the same period in 2009. The increase in the cost of sales was mainly due to the increase in production output and sales of products from both Penicillin and Cephalosporin Divisions. Gross profit and gross margin for the quarter ended March 31, 2010 were $12.09 million and 24.7% compared to $6.41 million and 17.4% for the same period of 2009. The increase in overall gross margin was mainly due to the margin improvements for Clavulanic Acid as well as 7-ACA for the first quarter of 2010.

Net income was $1.58 million, representing 9% increase from $1.45 million for the same period of 2009. Earnings per share (basic and diluted) were $0.02 compared to $0.02 for the same period of 2009.

For further information, please refer to the Company's 10-Q, which has been filed with the U.S. Securities and Exchange Commission and
'/>"/>

SOURCE Dragon Pharmaceutical Inc.
Copyright©2010 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5

Related biology technology :

1. Dragon Pharmaceutical Reports Growth in Sales and Profits during Second Quarter of 2007
2. Strong Demand Pushes up Both Prices and Sales Volumes for Dragons Main Products
3. Dragon Announces R&D Achievement in Biotech Manufacturing Process
4. Dragon announces new product launch; increase in annual production output capacity
5. Dragon retains leading investor relations firm
6. Dragon Pharma announces 2007 full year financial results
7. 3SBio Inc. to Present at The Oppenheimer 2nd Annual China Dragon Call Conference
8. Dragon Pharma Announces June 26, 2008 for 2008 Annual Shareholders Meeting
9. Dragon Pharma Announces Results of the Annual General Meeting
10. Dragon to Present at BioContact Quebec 2008
11. China Biologic Products to Present at CCG IRs China Rising Conference and Oppenheimers China Dragon Call Conference in New York
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/17/2013)... Mechanicsburg, PA (PRWEB) May 17, 2013 ... with ramp/soak capabilities. The 5R6-900 temperature controller has many ... can be plugged into the wall as a self-contained ... power supply. This distinctive detail makes the device unique, ... , The controller can also be used universally, which ...
(Date:5/17/2013)... May 17, 2013 The new Public-Private ... at the association’s recent annual meeting drew praise ... Vice-President Neelie Kroes, who called the action “a huge ... a stimulant to European innovation.” , The Board of ... the new Photonics PPP at its 29 April meeting ...
(Date:5/17/2013)... May 17, 2013  Yongye International, Inc. (NASDAQ: ... developer, manufacturer, and distributor of crop nutrient products in ... today announced that, on May 16, 2013, the special ... (the "Board of Directors") was provided a letter (the ... Kong ) Limited ("Abax") to Full Alliance International ...
(Date:5/17/2013)... 2013 The paradigm of ‘one drug, ... that can help predict the adverse and therapeutic effects ... Head of Computational Biology at the Genomics Laboratory, Covance, ... ensure high-quality genomics when used as part of the ... complex data sets to identify key clinical targets even ...
Breaking Biology Technology:New Temperature Control Products Announced by Oven Industries Inc. 2SPIE Joins in Praise for ‘Huge Step Forward’ for Innovation R&D Enabled by Photonics21 Actions 2SPIE Joins in Praise for ‘Huge Step Forward’ for Innovation R&D Enabled by Photonics21 Actions 3Yongye International Provides Update on Status of Proposed Go Private Offer 2Yongye International Provides Update on Status of Proposed Go Private Offer 3Yongye International Provides Update on Status of Proposed Go Private Offer 4
... Researchers have been examining the diverse behaviours of caterpillars ... and rescue soft robots. Despite their extreme ... by their slow speed, leading the researchers to turn ... caterpillars have the extraordinary ability to rapidly curl themselves ...
... April 26, 2011 HollisterStier Allergy announced that ... president of the business, illustrating the continued investment ... Life Sciences, Ltd (Jubilant).   (Photo: ... 25 years of healthcare experience, 15 of which ...
... DIEGO, April 26, 2011 Gen-Probe Incorporated (NASDAQ: ... Deutsche Bank Securities, 26th Annual Health Care Conference in Boston ... at ThinkEquity,s 2nd Annual Health Care Conference in New York ... scheduled to be webcast live and may be accessed through ...
Cached Biology Technology:Caterpillars inspire new movements in soft robots 2Kevin Garrity Named President of HollisterStier Allergy 2Gen-Probe to Webcast Two Upcoming Investor Presentations 2
(Date:5/17/2013)... study finds human-caused climate change may have little ... a host of recent studies that predict their ... The findings, which appear in the journal ... survival of a creature thought to be doomed: ... cold-blooded animals, especially forest lizards, will be hard ...
(Date:5/16/2013)... FASEB MARC (Maximizing Access to Research Careers) Program ... Society for Developmental Biology (SDB) 72nd Annual Meeting ... awards are meant to promote the entry of ... the mainstream of the basic science community and ... the SDB 2013 Annual Meeting. , Awards are ...
(Date:5/16/2013)... The endothelium, the cellular layer lining the ... a few hundred nanometers in thickness, this super-tenuous ... and tissue compression to create a unique and ... to partition tissues from the body,s circulatory system. ... the barrier must be physically breached to ...
Breaking Biology News(10 mins):Climate change may have little impact on tropical lizards 2Endothelium, heal thyself 2Endothelium, heal thyself 3Endothelium, heal thyself 4
... As governments prepare to gather at the United Nations ... 20, a new report published by a group of ... that a combined approach to tackling poverty and diseasethat ... and nutrition/food securityachieves better results for the world,s poorest. ...
... diagnosis of disease and developmental syndromes often depends on ... onset hearing loss are genetic in origin but there ... to identify the gene responsible for the hearing loss ... among countries and populations. New research published in BioMed ...
... infected with cowpox but rarely catch smallpox is generally credited ... not have been the first person to notice the correlation, ... in 1796 he "vaccinated" children with material from cowpox blisters ... work led directly to the development of a smallpox vaccine ...
Cached Biology News:Report showcases success of integrated development approaches 2Report showcases success of integrated development approaches 3Exome sequencing: Defining hereditary deafness 2Cowpox virus: Old friend but new foe 2Cowpox virus: Old friend but new foe 3
Mouse monoclonal antibody raised against a partial recombinant ACTN4. NCBI Entrez Gene ID = ACTN4...
Mouse monoclonal antibody raised against a partial recombinant PDE2A. NCBI Entrez Gene ID = PDE2A...
... materials for 1,464 array sample elements. , , ,Includes: ... , Blocker BSA in PBS (10X): 50 ml ... Phosphate Buffered Saline: 8 packs , 10% Tween-20: ... Luminol Enhancer: 2 x 25 ml , SuperSignal West ...
... raised against a partial recombinant ... XAGE2 (NP_570133, 44 a.a. ... protein with GST tag. ... NM_130777 Protein ...
Biology Products: