Plus   Neg

China Pharma Posts Wider Loss In FY19 - Quick Facts

China Pharma Holdings, Inc. (CPHI) reported a full year 2019 loss per common share of $0.48 compared to a loss of $0.25, previous year. Gross margin was 13.6% compared to 16.0%. Gross profit was $1.5 million, compared to $2.0 million, previous year.

Full year 2019 revenue decreased 11.4% to $11.0 million from $12.3 million, prior year. The company said this decrease in sales revenue was mainly due to the increased standards of drug tender procurement of GPO and the decreased "drug ratio".

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Elon Musk, the founder and CEO of Space Exploration Technologies, or SpaceX, said the aerospace company is planning to list its space internet venture, Starlink, after many years when revenue growth is smooth and predictable. In a tweet, Musk said, "We will probably IPO Starlink, but only several years in the future when revenue growth is smooth & predictable. Public market does *not* like erratic It's again that day of the year when coffee lovers celebrate their passion for the caffeinated beverage. It is National Coffee Day today in the U.S. when major food and beverage outlets nationwide promote the coffee culture with deals for coffee fans. In the U.S., major coffee outlets such as Starbucks, Dunkin' Donuts, Wawa, Krispy Kreme, Wendy's and Panera Bread give away free cups of coffee. The state of Ohio ordered General Motors to repay $28 million in tax credits after closing the Lordstown plant, which was in agreement to be operated until 2040. The Ohio Tax Credit Authority said the closure violated the terms of two economic development agreements signed by the company. In separate development, GM announced it is investing $71 million in two other Ohio manufacturing facilities.
Follow RTT