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China Jo-Jo Drugstores (CJJD) Reports Q2 EPS of $0.04

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China Jo-Jo Drugstores Reports Fiscal 2017 Second Quarter Results

November 14, 2016 9:15 AM EST

HANGZHOU, China, Nov. 14, 2016 /PRNewswire/ -- China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD) today announced the financial results for its second fiscal quarter and six months ended September 30, 2016.

Second Quarter Highlights:

Revenue was $20.2 million compared to $22.6 million a year ago; Gross profit increased 9.5% year-over-year to $4.4 million; Gross margin increased 4% year-over-year to 21.6%, retail pharmacy gross margin increased 7.1% to 29.4% from a year ago; GAAP net income was $97,870 or $0.01 per diluted share compared to net income of $151,175 or $0.01 per diluted share a year ago; Adjusted net... More