Navigation Links
China Pharma Holdings, Inc. Reports Third Quarter 2013 Financial Results
Date:11/15/2013

rated $0.8 million in sales in the three months ended September 30, 2013, compared to $1.2 million in the same period of the previous year, a decrease of $0.4 million. 

Gross profit for the three months ended September 30, 2013 was $2.2 million, while gross profit for the three months ended September 30, 2012 was $3.2 million. Our gross profit margin in the third quarter of 2013 was 28%, compared to 27% in the third quarter of 2012. The decrease in gross profit was in line with the performance of revenue in this period, and the gross margin remained stable.

Selling, general and administrative expenses in the third quarter of 2013 were $1.6 million, or 20% of sales, compared to $1.5 million, or 12% of sales, in the third quarter of 2012.  This increase was mainly due to the expenses related to technology upgrades and production process improvements for some of our existing marketed products in the period. For the three months ended September 30, 2013, the Company recognized $3.3 million in bad debt expenses, compared to $0.2 million in the same period of 2012. The increase in bad debt expenses was mainly due to an increase in our accounts receivable that are beyond 720 days old. Our bad debt allowance estimate is currently calculated as the sum of 3.5% of accounts receivable that are less than 360 days old, 10% of accounts receivable that are between 360 days and 720 days old, and 100% of accounts receivable that are greater than 720 days old.

Our operating loss for the three months ended September 30, 2013 was $2.7 million, compared to operating income of $1.6 million in the three months ended September 30, 2012, a decrease of $4.3 million. The main reasons for the decrease were lower revenues and an increase in bad debt expense.

In the three months ended September 30, 2013 and 2012, we paid income tax at the rate of 15%.  The Income tax benefit was $0.5 million in the three months ended September 30, 2013 compared to an i
'/>"/>

SOURCE China Pharma Holdings, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related medicine technology :

1. China Jo-Jo Drugstores Announces Fiscal 2014 Second Quarter Financial Results
2. China Jo-Jo Drugstores Announces Second Quarter Fiscal 2014 Conference Call
3. NASDAQ Grants China Jo-Jo Drugstores 180-Day Extension to Regain Compliance with Bid Price Requirement
4. 2013 China Human Immunoglobulin (pH4) for Intravenous Injection Industry Research Report
5. 2013 Deep Research Report on Global and China Vitamin H Industry
6. 2012 Deep Research Report on Global and China Plastic Injection Molding Machine Industry
7. China Nepstar Chain Drugstore to Report Third Quarter 2013 Financial Results on November 26, 2013
8. China Biologic Reports Financial Results for the Third Quarter and First Nine Months of 2013
9. Governor-General of Australia Ms. Bryce Visits Sichuan University and Investigates Australia Cochlear Cochlea Project in West China Hospital, Sichuan University
10. The Medical Device Market: China
11. China Biologic Products to Report Third Quarter 2013 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/27/2014)... TWi Pharmaceuticals, Inc. (4180.TT) today announced that ... States Food and Drug Administration (FDA) on its ... 125mg/ml oral suspension, the generic equivalent to Par ... under Hatch Waxman rules, it will be entitled ... completed the pre-launch preparation of the generic drug.  ...
(Date:8/27/2014)... Reportbuyer.com has added a new ... Terms & Agreements in Pharma, Biotech and ... The Collaborative R&D Terms and Agreements in ... understanding and unprecedented access to the collaborative ... the worlds leading life science companies. ...
(Date:8/27/2014)... LONDON , Aug. 27, 2014 /PRNewswire/ ... research report: Co-development Terms & ... https://www.reportbuyer.com/product/2276221/Co-development-Terms--Agreements-in-Pharma-Biotech-and-Diagnostics.html The ... and Diagnostics report provides comprehensive understanding and ... agreements entered into by the worlds leading ...
Breaking Medicine Technology:TWi Pharmaceuticals Receives US FDA Final Approval on Generic Megestrol Acetate 125mg/ml Oral Suspension 2Collaborative R&D Terms & Agreements in Pharma, Biotech and Diagnostics 2Collaborative R&D Terms & Agreements in Pharma, Biotech and Diagnostics 3Collaborative R&D Terms & Agreements in Pharma, Biotech and Diagnostics 4Collaborative R&D Terms & Agreements in Pharma, Biotech and Diagnostics 5Collaborative R&D Terms & Agreements in Pharma, Biotech and Diagnostics 6Collaborative R&D Terms & Agreements in Pharma, Biotech and Diagnostics 7Collaborative R&D Terms & Agreements in Pharma, Biotech and Diagnostics 8Collaborative R&D Terms & Agreements in Pharma, Biotech and Diagnostics 9Co-development Terms & Agreements in Pharma, Biotech and Diagnostics 2Co-development Terms & Agreements in Pharma, Biotech and Diagnostics 3Co-development Terms & Agreements in Pharma, Biotech and Diagnostics 4Co-development Terms & Agreements in Pharma, Biotech and Diagnostics 5Co-development Terms & Agreements in Pharma, Biotech and Diagnostics 6Co-development Terms & Agreements in Pharma, Biotech and Diagnostics 7
... Cell Therapy, Inc. ("Pathfinder")(OTCQB: PFND), a biotechnology company focused ... damage, today announced that effective at the start of ... will change from SYMD to PFND.  The new ticker ... and has been approved by the Financial Industry Regulatory ...
... /PRNewswire-Asia-FirstCall/ -- Mindray Medical International Limited (NYSE: ... medical devices worldwide, today announced the introduction of the ... The black and white portable unit provides outstanding imaging ... use in numerous specialty markets. With DP-50,s launch, Mindray ...
Cached Medicine Technology:Pathfinder Cell Therapy, Inc. Announces New Stock Ticker Symbol 2Mindray Introduces DP-50 Portable Ultrasound System in the U.S. 2Mindray Introduces DP-50 Portable Ultrasound System in the U.S. 3
(Date:8/27/2014)... 2014 According to a new market ... Market (Neurosurgical Navigation Systems, ENT Navigation Systems and Orthopedic ... Trends and Forecast 2014 - 2020", the global surgical ... in 2013 and is expected to grow at a ... an estimated value of USD 295.5 million in 2020. ...
(Date:8/27/2014)... 28, 2014 Spine Guide has built ... of information on spinal health. Now, the e-health site ... people suffering from back pain symptoms. Spine Guide specializes ... surgery, and lumbar spine surgery. , Some of the ... or stabbing pain, pain radiating down the leg, inability ...
(Date:8/27/2014)... Recently, BambooIndustry.com, an innovative company that provides many kinds of ... panels are now offered on its website. In addition, ... All people that place an order for its newly released ... percent off. , The company’s senior spokesman was excited ... our new and old customers can buy cheap bamboo panels ...
(Date:8/27/2014)... (PRWEB) August 27, 2014 ... dental plans, has launched in the state of ... to quality, affordable dental care services at reduced ... for Tennessee consumers looking to save money on ... rates as a member of discount fee dental ...
(Date:8/27/2014)... 28, 2014 DiaSorin has announced that ... 1,25 Dihydroxyvitamin D,” will feature guest speaker Dr. Gregory ... Institute for Health and Healing Integrative Medicine. Dr. Plotnikoff ... George Institute for Health and Healing and as Senior ... Minneapolis, Minnesota. He also serves as a co-editor of ...
Breaking Medicine News(10 mins):Health News:Surgical Navigation Systems Market Expected to Reach USD 295.5 Million Globally in 2020: Transparency Market Research 2Health News:Surgical Navigation Systems Market Expected to Reach USD 295.5 Million Globally in 2020: Transparency Market Research 3Health News:Spine Guide Offering New Overview of Surgical Options For Back Pain 2Health News:BambooIndustry.com: Cheap Bamboo Panels for Clients Worldwide Offered Online 2Health News:DentistSave.com Launches Discount Dental Plans in Tennessee for Consumers, Businesses, and Groups 2Health News:DentistSave.com Launches Discount Dental Plans in Tennessee for Consumers, Businesses, and Groups 3Health News:DiaSorin Announces New Webinar in Their Annual Vitamin D Series 2Health News:DiaSorin Announces New Webinar in Their Annual Vitamin D Series 3
... is this year,s Miss Fairfield County. The Connecticut ... volunteer,patient care activities over these last two years, ... compassion for those that are suffering has been,extraordinary, ... pediatric patients or,to our young or mature adults," ...
... celebrates its one-year anniversary with a donation to Dress for ... ... than four,million people get a new lease on life, alli(R) is celebrating ... was made today at a press event in New York., (Logo: ...
... an association between examiner qualifications and device quality on ... tests in pregnancy on the other. However, it is ... to achieve sufficiently high detection rates for major foetal ... the association described in other health care systems also ...
... 24 At this year,s annual telethon,for Alex,s ... MIKE AND,IKE(R) Candy Brand presented the Alex,s Lemonade ... a multi-year commitment to this foundation., (Photo: ... Lemonade Blends(TM) kicks off Just Born,s partnership,with the ...
... Federal Rule Changes ... Tools, CHICAGO, June 24 Allscripts, the ... physicians use,to improve healthcare, announced today that it ... Hospital Presbyterian in Newport Beach,Calif. preferred pricing on ...
... and community ... health centers., REDMOND, ... delivered to medically underserved,D.C. residents, the District of Columbia Primary Care ... the,sharing of data among local hospitals and six community-based health,centers that ...
Cached Medicine News:Health News:Connecticut Hospice Has Miss Fairfield on Its Side 2Health News:Connecticut Hospice Has Miss Fairfield on Its Side 3Health News:One Year Later, Millions are Losing Weight with alli(R) 2Health News:One Year Later, Millions are Losing Weight with alli(R) 3Health News:Accuracy of ultrasound screening in pregnancy: Effects of examiner and device quality unclear 2Health News:Accuracy of ultrasound screening in pregnancy: Effects of examiner and device quality unclear 3Health News:MIKE AND IKE(R) Lemonade Blends(TM) Presents $100,000 to Alex's Lemonade Stand Foundation 2Health News:Hoag Memorial Hospital Presbyterian Selects Allscripts for Electronic Health Record Subsidy Program 2Health News:Hoag Memorial Hospital Presbyterian Selects Allscripts for Electronic Health Record Subsidy Program 3Health News:District of Columbia Primary Care Association Selects Microsoft Amalga to Improve Patient Care for the Underserved 2Health News:District of Columbia Primary Care Association Selects Microsoft Amalga to Improve Patient Care for the Underserved 3
The Continuous Wave II Arthroscopy Pump provides pulse-free, continuous fluid inflow for joint distention when used in conjunction with a high flow sheath or separate inflow cannula....
True/Fix Distal Femoral Nail System...
... important part in our daily lives. But ... can cause severe handicaps. A decisive consideration ... was to produce a reconstructed joint function ... nearly possible.,The cementless RM Finger System has ...
... to use vacuum mixing, simplicity is still the ... & Nephew.,Simple To Choose: the two options available ... and leverage to determine which approach is better ... easy to inventory, and easy to use - ...
Medicine Products: