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news.China Pharmaceuticals, a manufacturer and distributor of prescription and over-the-counter pharmaceuticals, has reported net sales of $34.18m for the fiscal year ended 31 December 2010, compared to $26.71m for the same period in 2009.
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The company has posted net income of $8.41m, as compared to net income of $8.91m for the year ago period.
China Pharma’s income from operations was $10.42m for the fiscal year ended 31 December 2010, compared to the income from operations of $10.91m.
China Pharma chairman and CEO Guozhu Wang said their company continues its rapid growth annually while at the same time maintaining a strong balance sheet with no long term debt.