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

d Quarter 2011 Financial Summaries (unaudited) Three months ended June 30

Change(in millions $, except per-share data in $)

2011

2010Net revenue

45.4

30.5

48.7%Gross profit

7.4

5.5

33.2%Income from operation

5.5

3.5

55.4%Income before income taxes

5.4

3.5

54.0%Net income

3.9

2.3

72.6%Total comprehensive income

4.3

2.3

84.8%Basic and diluted earnings per share

0.15

0.12

25.0%Total net evenue was $45.4 million for the three months ended June 30, 2011, an increase of 48.7% compared with the same period in 2010. The increase in revenue largely reflects strong sales of the Company's pharmaceutical products distribution segment, which contributed $39.7 million or 87.6% of the Company's total sales in the quarter, compared with $24.3 million or 79.7% of the total revenue in the corresponding quarter in 2010.

Below is a breakdown of sales per business segment for the three months ended June 30, 2011 and 2010, respectively:For the three months ended June 30 - Net revenuein USD except percentage

2011

2010

Change 

 

% of net

revenue

 

% of net

revenue

 

%Pharmaceutical products

distribution

$39,738,572

87.6

$24,338,686

79.7

$15,399,886

63.3TCM processing and

distribution

5,647,763

12.4

4,314,919

14.1

1,332,844

30.9Herbal cultivation and

sales

-

-

-

-

-

NA Flower tea bags

-

0.0

1,877,372

6.1

(1,877,372)

NA Total

$45,386,335

100.0

$30,530,977

100.0

$14,855,358

48.7Revenue from the pharmaceutical products distribution segment increased by
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SOURCE Global Pharm Holdings Group, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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