China Biologic posts 2nd-qtr sales and profit rises

7 August 2013

Beijing-based China Biologic Products (Nasdaq: CBPO) has announced its unaudited financial results for the second quarter of 2013, showing that total sales increased 6.2% to $53.6 million compared with the like, 2012 period. Gross profit increased 9.1% to $37.5 million from $34.3 million, while gross margin rose to 69.9% from 68.0% in the second quarter of 2012.

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