China Biologic Reports Financial Results for the Second Quarter of 2019
CHINA BIOLOGIC PRODUCTS (CBPO)
Last china biologic products earnings: 11/13 04:43 pm
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US:NASDAQ Investor Relations:
chinabiologic.investorroom.com
Company Research
Source: PR Newswire
--2Q19 Total Sales Up 12.7% YoY in USD terms, or 20.4% YoY in RMB terms; Net Income Up 45.5% YoY to $41.6 Million; Non-GAAP Adjusted Net Income Up 29.1% YoY in RMB terms -- --1H19 Total Sales Up 14.0% YoY in USD terms, or 21.3% YoY in RMB terms; Net Income Up 31.7% YoY to $79.3 Million; Non-GAAP Adjusted Net Income Up 21.6% YoY in RMB terms -- --Board appoints Joseph Chow as CEO-- BEIJING, Aug. 5, 2019 /PRNewswire/ -- China Biologic Products Holdings, Inc. (NASDAQ: CBPO, "China Biologic" or the "Company"), a leading fully integrated plasma-based biopharmaceutical company in China, today announced its unaudited financial results for the second quarter of 2019. Second Quarter 2019 Financial HighlightsTotal sales in the second quarter of 2019 increased by 20.4% in RMB terms and 12.7% in USD terms to $135.7 million from $120.4 million in the same quarter of 2018. Gross profit increased by 9.9% to $90.9 million from $82.7 million in the same quarter of 2018. Gross margin decreased to 67.0
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