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Global Pharm Holdings Group, Inc. Announces Second Quarter 2011 Financial Results
Date:8/12/2011

$
57,584,491$
43,177,453LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Short-term loans

$
464,145

$
,972,150Bank acceptance

1,528,560

21,212Accounts payable and accrued expenses

22,023,372

20,944,923Income and other taxes payable

2,076,102

1,728,499Due to related parties

3,813,329

882,505Total current liabilities

29,905,508

25,549,289Stockholders' equity:Common stock, par value, $0.001 per share, 100,000,000

shares authorized, 26,000,000 issued and outstanding.

26,000

26,000Additional paid-in capital

9,200,623

9,200,623Statutory surplus reserves

1,310,701

1,310,701Retained earnings

15,764,962

6,546,406Accumulated other comprehensive income

1,032,115

544,434 Total shareholders' equity - Global Pharm Holdings Group, Inc.

27,334,401

17,628,164Non-controlling interests

344,582

-Total stockholders' equity

27,678,983

17,628,164Total liabilities and stockholders' equity

$
57,584,491$
43,177,453GLOBAL PHARM HOLDINGS GROUP, INC.CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME(Unaudited)    

 

 

 

  

Three months ended June 30, 

Six months ended June 30, 

2011 

2010 

2011 

2010Revenues, net$45,386,335

 

$30,530,977

 

$87,490,082

 

$59,259,637Cost of goods sold38,003,386

 

24,989,792

 

72,279,229

 

48,632,162Gross profit7,382,949

 

5,541,185

 

15,210,853

 

10,627,475Expenses:  

  

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SOURCE Global Pharm Holdings Group, Inc.
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