China Biologic Products (CBPO) Reports Q4 EPS of $0.53, Revenues Miss; Postpones FY20 Guidance on COVID-19 Impact
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China Biologic Reports Financial Results for the Fourth Quarter and Fiscal Year 2019
March 12, 2020 5:00 PM EDTBEIJING, March 12, 2020 /PRNewswire/ -- China Biologic Products Holdings, Inc. (NASDAQ: CBPO, "China Biologic" or the "Company"), a leading fully integrated plasma-based biopharmaceutical company in China, today announced its financial results for the fourth quarter and fiscal year of 2019.
Fourth Quarter 2019 Financial Highlights
Total sales in the fourth quarter of 2019 decreased by 9.6% in RMB terms and 11.1% in USD terms to $102.2 million from $114.9 million in the same quarter of 2018. Gross profit decreased by 17.2% to $64.0 million from $77.3 million in the same quarter of 2018. Gross margin decreased to 62.6% from 67.3% in the... More