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

tp://www.globalpharmholdings.com/">http://www.globalpharmholdings.com.

Forward-looking StatementsCertain statements set forth in this press release contain or may contain forward-looking statements and information that are based upon beliefs of, and information currently available to, our management as well as estimates and assumptions made by our management. Such statements reflect the current view of our management with respect to future events and are subject to risks, uncertainties, assumptions and other factors as they relate to our industry, our operations and results of operations, plans for future facilities, capital-expenditure plans and any businesses that we may acquire. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the U.S. federal securities laws, we do not intend to update any of the forward-looking statements to conform them to actual results.

For Additional Information Contact
Global Pharm Holdings Group, Inc.
Ms. Susan Liu
Phone: +86-755-3693-9373
Email: susanliu@globalpharmholdings.com

–FINANCIAL TABLES FOLLOW—GLOBAL PHARM HOLDINGS GROUP, INC.CONDENSED CONSOLIDATED BALANCE SHEETS  

June 30, 2011ASSETS(Unaudited)December 31, 2010Current assets:Cash and cash equivalents

$
9,144,834

$
4,271,498Accounts receivable

24,918,594

19,771,619Inventories

18,980,396

16,058,760Restricted cash

1,213,714

1,538,251Other current assets

1,978,407

1,326,660Total current assets

56,235,945

42,966,788Property, plant and equipment, net

676,529

210,665Intangible assets, net

297,874

-Goodwill

374,143

-Total assets
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SOURCE Global Pharm Holdings Group, Inc.
Copyright©2010 PR Newswire.
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