Navigation Links
Lotus Pharmaceuticals Announces Second Quarter Fiscal 2011 Financial Results
Date:8/15/2011

BEIJING, Aug. 15, 2011 /PRNewswire-Asia-FirstCall/ -- Lotus Pharmaceuticals, Inc. (OTCBB: LTUS) ("Lotus" or the "Company"), a profitable developer, manufacturer and seller of medicine and drugs in the People's Republic of China ("PRC"), today announced its financial results for the quarter ended June 30, 2011. Summary financial data is provided below:

Second Quarter Financial Highlights

  • Revenues for the three months ended June 30, 2011 decreased by 1.1% year-over-year to $18.7 million, down from $18.9 million in the second quarter of 2010
  • Wholesale revenues were $14.6 million, or 78% of total revenues
  • Retail revenues were $4.1 million, or 22% of total revenues

  • Gross profit for the second quarter was $4.9 million, a decrease of 50.1% compared to $9.8 million in the second quarter of 2010. Gross margin was 26.1% and 51.8% for the three months ended June 30, 2011 and 2010, respectively

  • Net income for the quarter decreased 71.9% to $1.8 million, compared to $6.3 million in the second quarter of 2010

  • Earnings per diluted share were $0.06 for the quarter, compared with diluted EPS of $0.24 achieved in the same period a year ago

  • Mr. Zhongyi Liu, Chairman and CEO of Lotus, stated, "Our 2011 second quarter results, especially those of the wholesale segment, were negatively impacted by changes in the competitive landscape and increases in labor costs. Retail sales continue to deliver solid results with 19.2% growth in revenue versus the same period in 2010. The increase in the retail segment was driven primarily by our Over-the-Counter division's sales. Construction of our Beijing facility continues to progress, and we anticipate additional capacity for growth and significant efficiency improvements once we move into the new building by the end of the year."

    Mr. Liu continued, "We plan to focus our capital expenditures in the foreseeable future on the compl
    '/>"/>

    SOURCE Lotus Pharmaceuticals, Inc.
    Copyright©2010 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5 6 7

    Related medicine technology :

    1. Lotus Pharmaceuticals, Inc. Achieves Significant Milestones in the Development of Isosorbide Mononitrate Sustained Release Tablets
    2. Lotus Pharmaceuticals, Inc.s New Drug Laevo-Bambutero Begins Evaluation for Clinical Trials
    3. Lotus Pharmaceuticals, Inc. Reports Third-Quarter 2009 Results
    4. Lotus Pharmaceuticals, Inc. to Exhibit at the 62nd PHARMCHINA
    5. Lotus Pharmaceuticals, Inc. Strengthens Beijing Presence with Direct Sales to Drug Stores
    6. Lotus Pharmaceuticals Reports Groundbreaking Ceremony
    7. Lotus Pharmaceuticals to Exhibit at the 63rd PHARMCHINA
    8. Lotus Pharmaceuticals Laevo-Bambuterol Received SFDA Approval to Commence Clinical Trials
    9. Lotus Pharmaceuticals, Inc. Reports Strong First Quarter 2010 Financial Results
    10. Pink Lotus Breast Center to Integrate Electronic Brachytherapy Cancer Treatment Platform
    11. Lotus Pharmaceuticals to Present at Global Hunter Securities 2010 China Conference
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:8/28/2015)... , August 28, 2015 The ... in collaboration with one of the leading academics in the ... (current world record holder in life extension for model animals ... into biology of aging and age-related diseases, primarily, around the ... work has just been published as "Stability analysis of a ...
    (Date:8/28/2015)... PRINCETON, N.J. , Aug. 28, 2015  IP Shakti, ... Prediqtus, LLC. ... "Our new corporate identity signifies our ... the world,s first predictive analytics platform for patent claim validity." ... with the launch of the proprietary AIA Shield™ platform, the ...
    (Date:8/28/2015)... 28, 2015 Perrigo Company plc ("Perrigo") (NYSE: ... N.V. ("Mylan") (NASDAQ: MYL ) shareholder vote regarding ... "Our views of Mylan,s offer to Perrigo shareholders have ... our Board,s careful reflection of the value available to ... choices that Mylan has allowed its shareholders to consider," ...
    Breaking Medicine Technology:Gero: Physics Meets Biology to Help Defeat Aging 2Gero: Physics Meets Biology to Help Defeat Aging 3IP Shakti, LLC Changes Company Name to Prediqtus, LLC 2Perrigo Confident Its Shareholders Will Reject Mylan's Value Destructive Transaction 2Perrigo Confident Its Shareholders Will Reject Mylan's Value Destructive Transaction 3Perrigo Confident Its Shareholders Will Reject Mylan's Value Destructive Transaction 4Perrigo Confident Its Shareholders Will Reject Mylan's Value Destructive Transaction 5
    ... BALA CYNWYD, Pa., April 18, 2011 Susquehanna Growth ... MediMedia Information Technologies, LLC (MMIT), a provider of managed ... engages in the collection, consolidation, and interpretation of pharmaceutical ... needs of healthcare decision makers in managed markets. In ...
    ... American Scientific Resources, Incorporated (OTCQB: ASFXD) ... Update for Shareholders now available for perusal ... . (Logo: http://photos.prnewswire.com/prnh/20110124/NY34439LOGO ... Resources, Inc. American Scientific ...
    Cached Medicine Technology:Susquehanna Growth Equity Acquires MediMedia Information Technologies, LLC 2Susquehanna Growth Equity Acquires MediMedia Information Technologies, LLC 3American Scientific Resources, Inc. Announces Corporate Update 2
    (Date:8/28/2015)... ... ... Medical Solutions, one of the nation’s largest travel nurse staffing companies, has ... Healthcare and will be honored at an awards dinner in Chicago on Wednesday, ... to Work in Healthcare program recognizes outstanding employers in the healthcare industry nationwide. Modern ...
    (Date:8/28/2015)... (PRWEB) , ... August 28, 2015 , ... ... of the Veterans Award, honoring military veterans leading in business. Mr. Troy ... , The inaugural Nashville Business Journal's 2015 Veterans Awards will recognize ...
    (Date:8/28/2015)... ... August 28, 2015 , ... ... accreditation for its adolescent residential, counseling, day treatment and intensive family based services. ... international standards for quality and its pursuit of excellence. As a nonprofit charity ...
    (Date:8/28/2015)... ... August 28, 2015 , ... Dr. Gregory K. Toumayan, D.C., Q.M.E., is ... in shoulder pain, hip pain, neck pain, stiffness, muscle spasms, and numbness. ... University of Illinois, and then went on to earn his title of Doctor of ...
    (Date:8/28/2015)... ... August 28, 2015 , ... SmartPractice ... low cost. Personalized with practice contact information and logos, Calendars stand alone as ... also incorporate Calendars into seasonal mailings, thank you and welcome communications, and to ...
    Breaking Medicine News(10 mins):Health News:Medical Solutions Recognized as One of 2015 Best Places to Work in Healthcare 2Health News:Medical Solutions Recognized as One of 2015 Best Places to Work in Healthcare 3Health News:MyGenetx Board Member Receives Veterans Award 2Health News:West Ridge Academy Awarded CARF Three-Year Accrediation 2Health News:Healthpointe Welcomes Dr. Gregory K. Toumayan, Chiropractor, to Colton, Temecula, and Perris 2Health News:Healthpointe Welcomes Dr. Gregory K. Toumayan, Chiropractor, to Colton, Temecula, and Perris 3Health News:SmartPractice® Introduces 2016 Calendars for Dental Practice Giveaways 2
    ... meets an HIV-positive patient, one of her first questions is ... The usual response is about dead relatives or friends. "We ... likelihood, his experience will be very different," said the infectious-disease ... Sciences University. "Yes it,s the same virus and could have ...
    ... HealthDay Reporter , TUESDAY, March 6 (HealthDay News) -- ... especially post-traumatic stress disorder, are more likely than mentally ... study finds. Use of these opioid pain medications, ... and cause more serious problems, researchers say. "Veterans ...
    ... , TUESDAY, March 6 (HealthDay News) -- ... preterm deliveries and underweight babies, a new study finds. ... in March 2006. The researchers analyzed data on preterm delivery ... The number of mothers who smoked dropped from more ...
    ... likely than Caucasians to develop an excessive growth of thick, ... as a keloid following head and neck surgery, according ... This finding, however, is much lower than that previously ... been shown to be up to 16 percent in African ...
    ... University,s Marcel Just provides an explanation for some of ... restricted interests and gives scientists clear targets for ... been a scientific enigma, mainly due to its diverse ... the journal Neuroscience and Biobehavioral Reviews , Just ...
    ... The Center for Public-Private Partnerships at The Henry M. ... is pleased to announce the recipients of the 2012 ... themselves through excellence and selfless dedication to advancing medicine ... veterans and their families. The recipients will be honored ...
    Cached Medicine News:Health News:Federal grant enables HIV testing, treatment in the Augusta area 2Health News:Federal grant enables HIV testing, treatment in the Augusta area 3Health News:Narcotic Painkillers Another Threat to Traumatized War Vets: Study 2Health News:Narcotic Painkillers Another Threat to Traumatized War Vets: Study 3Health News:African-Americans 7 times more likely to have keloid scarring of the head, neck 2Health News:New brain imaging and computer modeling predicts autistic brain activity and behavior 2Health News:New brain imaging and computer modeling predicts autistic brain activity and behavior 3Health News:HJF Center announces Heroes of Military Medicine award recipients 2
    ...
    Inquire...
    Stryker Endoscopy offers a superior selection of probes and tips that interface with our suction and irrigation system....
    ... Ophthalmics introduces Tear Pool punctum plugs. Tear Pool ... silicone resin with no additives via a precision ... durometer rating, which is designed to facilitate insertion ... maintains its position in the punctum. The cap ...
    Medicine Products: