China Biologic Products (CBPO) Tops Q3 EPS by 17c

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Go back to China Biologic Products (CBPO) Tops Q3 EPS by 17c

China Biologic Reports Financial Results for the Third Quarter of 2016

November 2, 2016 5:00 PM EDT

BEIJING, Nov. 2, 2016 /PRNewswire/ -- China Biologic Products, 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 third quarter of 2016.

Third Quarter 2016 Financial Highlights

Total sales in the third quarter of 2016 increased by 9.8% in USD terms to $86.5 million from $78.8 million in the same quarter of 2015, or increased by 17.3% in RMB terms during the same period. Gross profit increased by 15.9% to $58.9 million from $50.8 million in the same quarter of 2015. Gross margin increased to... More