China Biologic Products (CBPO) Tops Q3 EPS by 17c
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China Biologic Reports Financial Results for the Third Quarter of 2016
November 2, 2016 5:00 PM EDTBEIJING, 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