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

 Purchase of property, plant and equipment

 

(302,718)

 

(9,063)Acquisition of subsidiaries, net of cash acquired

 

(567,391)

 

-Net cash used in investing activities 

(870,109)

 

(9,063) 

 

 

 

 Cash flows from financing activities: 

 

 

 Short-term loan borrowing

 

-

 

365,001Short-term loan repayments

 

(1,529,073)

 

-Bank acceptance

 

1,483,968

 

(219,000)Dividend paid to the former shareholders

 

-

 

(3,208,521)Due from shareholders

 

-

 

24,484Contribution from non-controlling interest

 

344,835

 

-Net cash provided by (used in) financing activities 

299,730

 

(3,038,036) 

 

 

 

 Net increase in cash and cash equivalents 

4,687,967

 

2,727,528Effect of exchange rate changes on cash and cash equivalents 

185,369

 

(12,852)Cash and cash equivalents - beginning of period 

4,271,498

 

7,455,147Cash and cash equivalents - end of period 

$
9,144,834

 

$
,169,823 

 

 

 

 Supplemental disclosure of cash flow information: 

 

 

 Cash paid for interest

 

$
20,662

 

$
2,908  Cash paid for income taxes

 

2,549,041

 

2,743,066  z
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SOURCE Global Pharm Holdings Group, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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