Aoxing Pharmaceutical Company, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2016
February 13, 2017
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Aoxing Pharmaceutical Company, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2016. For the quarter, the company reported sales of $8,009,111 against $8,195,839 a year ago. Income from operations was $233,196 against $3,410,023 a year ago. Loss before income taxes was $389,857 against income of $2,597,661 a year ago. Loss attributable to shareholders of the company was $43,453 or $0.00 per basic and diluted share against income of $2,068,635 or $0.03 per basic and diluted share a year ago.
For the six months, the company reported sales of $15,578,407 against $16,940,661 a year ago. Income from operations was $1,936,702 against $6,549,225 a year ago. Income before income taxes was $652,977 against $4,889,897 a year ago. Income attributable to shareholders of the company was $302,627 or $0.00 per basic and diluted share against $3,336,571 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.