China Biologic Products Inc. Q1 Profit Advances 22%

(RTTNews) - China Biologic Products Inc. (CBPO) released earnings for its first quarter that gained ground compared to the same period last year.

The company said its bottom line advanced to $30.44 million, or $1.09 per share. This was up from $24.95 million, or $0.94 per share, in last year's first quarter.

The company said revenue for the quarter rose 21.7% to $85.59 million. This was up from $70.35 million last year.

China Biologic Products Inc. earnings at a glance:

-Earnings (Q1): $30.44 Mln. vs. $24.95 Mln. last year. -Earnings Growth (Y-o-Y): 22.0% -EPS (Q1): $1.09 vs. $0.94 last year. -EPS Growth (Y-o-Y): 16.0% -Revenue (Q1): $85.59 Mln vs. $70.35 Mln last year. -Revenue Change (Y-o-Y): 21.7%