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Global Pharm Holdings Group Announces Fiscal Year 2010 Financial Results
Date:4/14/2011

ting activities(46,516)(155,971)Cash flows from financing activities:Short term loan borrowing1,920,338219,597Short term loan repayments(221,578)-Bank acceptance(200,923)219,597Dividend paid to the former shareholders(13,577,086)(8,190,085)Net cash used in financing activities(12,079,249)(7,750,891)Net (decrease) increase in cash and cash equivalents(3,222,841)2,257,026Effect of exchange rate changes on cash and cash equivalents39,1929,534Cash and cash equivalent - beginning of year7,455,1475,188,587Cash and cash equivalent - end of year$

4,271,498$

7,455,147Supplemental disclosure of cash flow information:Cash paid for interest$

30,790$

2,490Cash paid for income taxes$

4,547,908$

3,061,337GLOBAL PHARM HOLDINGS GROUP, INC AND SUBSIDIARIESRECONCILIATION OF NON-GAAP FINANCIAL DATA 

Net IncomeDiluted EPSNet IncomeDiluted EPS 

Twelve Months Ended December 31, 

2010

 

2009GAAP amount per consolidated statement of income

$11,152,142$10,901,402Non-cash employee compensation expense

5,968,400

 

$0Adjusted Amount

$17,120,542

 

$10,901,402Adjusted basic and diluted earnings per outstanding shareWeighted average shares – basic and diluted

21,780,718

 

19,094,000Adjusted diluted earnings per weighted average share$0.79$0.57For Additional Information ContactGlobal Pharm Holdings Group, Inc.Ms. Susan LiuPhone: +86-755-3693-9373 (Shenzhen, China)Email: susanliu@globalpharmholdings.comCCG Investor Relations, Inc.Ms. Linda Salo, Account ManagerPhone: +1-646-922-0894 (New York, USA)Email:linda.salo@ccgir.com
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SOURCE Global Pharm Holdings Group, Inc.
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