Aoxing Pharmaceutical Company, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2017
May 15, 2017 at 04:58 pm EDT
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Aoxing Pharmaceutical Company, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2017. The company reported revenues of $5,701,989, down 13% year-over-year from the revenue of $6,563,944 realized during the three months ended March 31, 2016. The net income attributable to the shareholders of the company for the three months ended March 31, 2017 was $132,137 or $0.00 per basic and diluted share, compared to net income of $622,720 or $0.01 per basic and diluted share for the three months ended March 31, 2016. Income from operations was $878,401 compared with $1,526,710 a year ago. Income before income taxes was $297,204 compared with $816,381 a year ago.
For the nine months, the company's sales were $21,280,396 compared with $23,504,605 a year ago. Income from operations was $2,815,103 compared with $8,075,937 a year ago. Income before income taxes was $950,182 compared with $5,706,279 a year ago. Income attributable to shareholders of the company was $434,765 or $0.01 per basic and diluted share compared with $3,959,293 or $0.05 per basic and diluted share a year ago.
Aoxing Pharmaceutical Company, Inc. is a specialty pharmaceutical company specializing in research, development, manufacturing and distribution of a range of narcotic, pain-management and addiction treatment pharmaceutical products. The Company holds approximately 140 drug production certificates covering narcotic pain-management, prescription medicines, over-the-counter (OTC) and active pharmaceutical ingredient (API) products. Its products include prescription drugs, such as Tilidine hydrochloride, Zhongtong'an and Humifuse Euphorbia Herb Tablet, and OTC drugs, such as Shanmei Capsule, Shaoshang Tincture, Yiqi Qiangshen Granule, Xiaopiling Granule, Xiongjushangqing Tablet, Juyuansuanbijia Oral Solutions, Longdanxiegan Tablet, Fenka Tablet, Shujinhuoxue Tablet, Fuketiaojing Tablet, Qingnao Jiangya Tablet, Yuanhu Pain Management Tablet, Bushenqiangshen Tablet, Baiziyangxin Pill, Qingguo Pill, Liuweidihuang Pill, Zhibaidihuang Pill, Xiaoyao Pill and Tianwangbuxin Pill.