China Biologic Products Inc (CBPO) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $1.26 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $1.18. The company posted revenue of $91.42 million in the period, compared to analysts expectations of $87.58 million. The company’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS.
China Biologic Products Inc opened for trading at $119.88 and hit $120.38 on the upside on Tusday, eventually ending the session at $119.88, with a gain of 0.28% or 0.33 points. The heightened volatility saw the trading volume jump to 1,16,580 shares. Company has a market cap of $3,188 M.
In a different news, on Jun 8, 2016, Min Fang (director) sold 2,775,000 shares at $111.00 per share price. According to the SEC, on May 23, 2016, Gang Cbpo Yang (Corporate Vice President) sold 26,563 shares at $113.61 per share price. On May 23, 2016, Ming Yin (Senior Corporate VP) sold 19,618 shares at $113.61 per share price, according to the Form-4 filing with the securities and exchange commission.
China Biologic Products Inc. (China Biologic) is a biopharmaceutical company. The Company is principally engaged in the research development manufacturing and sales of human plasma-based biopharmaceutical products in China. China Biologic has a product portfolio with over 20 different dosage forms of plasma products. The Company’s principal products are human albumin and immunoglobulin for intravenous injection (IVIG). China Biologic operates its business through two subsidiaries namely Shandong Taibang Biological Products Co. Ltd. and Guizhou Taibang Biological Products Co. Ltd. The Company also holds an interest in Xi’an Huitian Blood Products Co. Ltd. a plasma products company. Its products include human albumin human immunoglobulin IVIG thymopolypeptides injection human hepatitis B immunoglobulin human rabies immunoglobulin human tetanus immunoglobulin placenta polypeptide Factor VIII and human prothrombin complex concentrate (PCC).