BEIJING (dpa-AFX) - China Pharma Holdings, Inc. (CPHI) reported a full year 2019 loss per common share of $0.48 compared to a loss of $0.25, previous year. Gross margin was 13.6% compared to 16.0%. Gross profit was $1.5 million, compared to $2.0 million, previous year.
Full year 2019 revenue decreased 11.4% to $11.0 million from $12.3 million, prior year. The company said this decrease in sales revenue was mainly due to the increased standards of drug tender procurement of GPO and the decreased 'drug ratio'.
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