General and Administrative Expenses
General and administrative expenses decreased by $818,332 or 62.5% period over period.
Such expenses as a percentage of revenue decreased to 2.9% from 4.9% for the same period a year ago.
The decrease in absolute dollars as well as the percentage of revenue mainly reflects decrease in allowance for advances to suppliers. We expect future general and administrative expenses to be affected by allowance adjustments significantly.
(Loss) Income from Operations
As a result of lower revenue and lower gross profit margins, we had loss from operations of $522,709, as compared to income from operations of $9,263 a year ago.
Our operating margin for the three months ended September 30, 2013 and 2012 was (3.3)% and 0.0%, respectively.
Income tax expense increased by $39,579 period over period, as a result of higher taxable income from Jiuzhou Pharmacy.
As a result of the foregoing, net loss decreased by $981,859 period over period.
Comparison of six months ended September 30, 2013 and 2012The following table summarizes our results of operations for the six months ended September 30, 2013 and 2012:Six months ended September 30,20132012AmountPercentageof totalrevenueAmountPercentageof totalrevenueRevenue
3,960,8456.7%General and administrative expenses<
|SOURCE China Jo-Jo Drugstores, Inc.|
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