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China Pharma Swings To Profit In Q2 - Quick Facts

Specialty pharmaceutical company China Pharma Holdings Inc. (CPHI) reported Friday a net income for the second quarter of $0.01 million or $0.00 per share, compared to a net loss of $0.84 million or $0.02 per share in the prior-year quarter as a result of a foreign trade of COVID-19 testers completed in the second quarter of 2020.

Revenue for the quarter surged 46.8 percent to $3.8 million from $2.6 million in the same quarter last year, mainly due to a foreign trade of COVID-19 testers.

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