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

2 per fully diluted share, in the second quarter of 2010, based on 26.0 million and 19.1 million weighted average diluted shares outstanding, respectively. This increase primarily reflects a shift in sales mix toward higher margin prescription products and herbal products in the first quarter of 2011.

Six Months 2011 Financial Summaries (unaudited)Six months ended June 30

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

2011

2010Net revenue

87.5

59.3

47.6%Gross profit

15.2

10.6

43.1%Income from operation

12.1

8.1

49.9%Income before income taxes

12.1

8.1

49.2%Net income

9.2

5.7

61.8%Total comprehensive income

9.7

5.7

69.5%Basic and diluted earnings per share

0.35

0.30

16.7%Total net evenue was $87.5 million for the six months ended June 30, 2011, an increase of 47.6%, compared with the same period in 2010. The revenue increase primarily reflects strong sales of the pharmaceutical products distribution segment, which contributed $72.2 million or 82.5% of the Company's total sales in the first half of 2011, compared to $47.4 million or 79.9% of the total revenue in the corresponding period last year.

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

2011

2010

Change 

 

% of net

revenue

 

% of net

revenue

 

%Pharmaceutical products

distribution

$72,169,822

82.5

$47,360,171

79.9

$24,809,651

52.4TCM processing and

distribution

10,365,812

11.9

9,000,270

15.2

1,365,542

15.2Herbal cultivation and

sales

4,679,373


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

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