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China Jo-Jo Drugstores Q3 revenues increased 15.9%

Staff writer |
China Jo-Jo Drugstores announced financial results for the third-quarter ended December 31, 2015. Revenues roughly totaled $24.7 million up 15.9%.

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Revenue from Retail Drugstores roughly totaled $12.9 million, down 2.7% and represents 52.3% of total revenues as compared to 62.3% in the prior year.

Revenue from Online Pharmacy roughly totaled $8.6 million, an increase of 96.7% and represents 35.0% of revenues as compared to 20.6% in the prior year.

Revenues from the Wholesale Business roughly totaled $3.1 million, a decrease of 13.8% and represents 12.7% of revenues as compared to 17.1% in the prior year.

Gross profit of roughly $4.8 million, an increase of 52.3% as compared to the prior year.

Gross margin of 19.6% for the third quarter of fiscal 2016 as compared to 14.9% in the prior year.

Net loss of $0.62 million or ($0.04) per fully diluted share, compared with net income of $0.13 million or $0.01 per fully diluted share in the prior year.

Non-GAAP* net loss of $0.38 million or ($0.02) per fully diluted share, compared with Non-GAAP net income of $0.65 million or $0.04 per fully diluted share in the prior year.


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