China Pediatric Pharmaceuticals (CPDU.OB) Posts Record First Quarter Results
China Pediatric Pharmaceuticals, Inc., China-based producer and distributor of pediatric medicines, has announced record first quarter results, including increased net sales, gross profit, and net income. Sales for the quarter ended March 31, 2010, were $6,708,892, an 87% increase from the same period last year. Gross profit increased by 69% to $3,799,354. Net income increased 86% to $1,467,449. Earnings per share increased by 70% to $.017. Revenue increase was attributed mainly to the increase in sales of the company’s popular “Cooer” Series of products, due to intensive promotion. A corresponding increase in promotional and advertising expenditures of around $438,000 resulted…