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Article: Net profit of China National Medicines surges 67.98 pct in 2006.(Financial report)
- Article from:
- China Business News
- Article date:
- April 25, 2007
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Net profit of China National Medicines surges 67.98 pct in 2006
Shanghai. April 25. INTERFAX-CHINA - Shanghai-listed China National Medicines Corporation Ltd., China's largest drug distributor, enjoyed a net profit growth of 67.98 percent for 2006, the company announced today.
Net profits jumped from RMB 50.37 million ($6.52 million) in 2005 to RMB 84.61 million ($10.96 million) last year.
In 2006, main business revenue was RMB 2.81 billion ($363.99 million), an increase of 20.27 percent when compared to 2005.
The company attributed its rapid increase in net profits to the fast growth of its sales revenue, better economic performances from its subsidiaries and ...