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China Jo-Jo Drugstores Q4 revenue $20,468,616

Staff writer |
China Jo-Jo Drugstores announced financial results for the fourth quarter and fiscal year ended March 31, 2016.

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Q4 revenue was $20,468,616 for the fourth quarter ended March 31, 2016 as compared to $20,982,649 during the same period of last year. Gross profit increased to $4,311,559 from $3,341,109 in the same quarter of last year.

Net income was $802,899 during the three months ended March 31, 2016, as compared to $519,423 in the fourth quarter of last year.

Earnings per share (EPS) was $0.05/share, as compared to EPS of $0.03/share for the same quarter of last year.

Fiscal year 2016

Total revenue increased by $12,169,848 or 15.8% for the year ended March 31, 2016, as compared to the previous fiscal year.

Retail drugstores sales increased by $2,405,908 or 4.9%, for the year ended March 31, 2016, as compared to the previous fiscal year.

Online pharmacy sales increased 77.8% over FY 2015, to a record revenue of $26,449,981, which accounts for approximately 29.7% of the Company's overall sales.

Gross profit increased by $5,073,557, or 40.8% year over year, while gross margin increased from 16.2% of FY 2015 to 19.7% of FY 2016.

Net income was $447,156, and EPS was $0.03/share during FY 2016, as compared to net income of $855,628 and EPS of $0.06/share.

China Jo-Jo Drugstores ended the year with cash and restricted cash balance of $20,419,863, $62.1 million in total assets, and $42.8 million in total liabilities.


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