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Global Pharm Holdings Group Announces First Quarter 2011 Financial Results
Date:5/16/2011

g activities:Short-term loan borrowing-219,713Short-term loan repayments(1,367,704)-Bank acceptance237,663(219,713)Dividend paid to the former shareholders-(3,208,521)Net cash used in financing activities(1,130,041)(3,208,521)Net increase (decrease) in cash and cash equivalents4,586,501(3,026,663)Effect of exchange rate changes on cash and cash equivalents47,769(3,245)Cash and cash equivalents - beginning of period4,271,4987,455,147Cash and cash equivalents - end of period$8,905,768$4,425,239-Supplemental disclosure of cash flow information:Cash paid for interest$10,747$829Cash paid for income taxes$1,179,482$690,986For Additional Information ContactGlobal Pharm Holdings Group, Inc.Ms. Susan LiuPhone: +86-755-3693-9373 (Shenzhen, China)Email: susanliu@globalpharmholdings.comCCG Investor Relations, Inc.Ms. Linda Salo, Account ManagerPhone: +1-646-922-0894 (New York, USA)Email:linda.salo@ccgir.com
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