China Pharma Holdings, Inc. Reports First Quarter 2009 Financial Results and Corpora...(5807277 Operating expenses: Sellin...),Health

Date:5/15/2009

5,807,277 Operating expenses: Selling expenses 602,760 337,792 General and administrative expenses 488,047 342,818 Bad debt expense 774,932 472,975 Total operating expenses 1,865,739 1,153,585 Income from operations 4,063,016 4,653,692 Non-operating income (expenses): Interest income 10,589 -- Interest expense (38,236) (45,273) Total non-operating income (expense) (27,647) (45,273) Income before income taxes 4,035,369 4,608,419 Income tax (expense) benefit (357,722) (417,878) Net income 3,677,647 4,190,541 Other Comprehensive income - foreign currency translation adjustments 87,491 1,745,242 Comprehensive income $3,765,138 $5,935,783 Basic and Diluted Earnings per Share $0.09 $0.11 Basic and Diluted Weighted-Average Shares Outstanding 42,278,938 37,278,938 CHINA PHARMA HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) March 31, December 31, 2009 2008 ASSETS Current Assets: Cash and cash equivalents $5,151,882 $6,927,149 Trade accounts receivable, less allowance for doubtful accounts of $5,248,353 and $4,474,175, respectively 41,046,443 36,008,095 Other receivables, less allowance fo
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SOURCE China Pharma Holdings, Inc. Copyright©2009 PR Newswire. All rights reserved

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