China Jo-Jo Drugstores Inc. (CJJD.OB) Posts Q3 Increases across the Board
China Jo-Jo Drugstores Inc. operates through its affiliates as a retail pharmacy chain in China. The company today announced its financial results for the third quarter ended December 31, 2009, posting increases in revenues, gross profit and income from operations. The company posted revenues at $14.9 million, up 29.1 percent from the year prior, which the company attributes to a boost in same-store sales and quality products. “Our revenue increase in the fiscal third quarter ended December 31, 2009, was largely attributable to operating more stores and increasing overall same store sales,” Lei Liu, chairman and CEO of Jo-Jo Drugstores…