Revenue Update on China Jo-Jo Drugstores Inc(NASDAQ:CJJD)

China Jo-Jo Drugstores Inc(NASDAQ:CJJD) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Jun 28, 2016. Company reported revenue of $20.47M. Analysts estimated a revenue of $121.10M. Earnings per share were $0.05.

China Jo-Jo Drugstores Inc (CJJD) made into the market gainers list on Fridays trading session with the shares advancing 2.20% or 0.04 points. Due to strong positive momentum, the stock ended at $1.86, which is also near the day’s high of $1.9. The stock began the session at $1.81 and the volume stood at 8,137 shares. The 52-week high of the shares is $3.41 and the 52 week low is $1.4. The company has a current market capitalization of $36 M and it has 1,93,73,504 shares in outstanding.

China Jo-Jo Drugstores Inc. is a retailer and distributor of pharmaceutical and other healthcare products found in a retail pharmacy in the People’s Republic of China. The Company’s operating segments include retail drugstores online pharmacy wholesale business selling products similar to those the Company carries in its pharmacies and farming and selling herbs used for traditional Chinese medicine (TCM). The Company has 59 store locations under the store brand Jiuzhou Grand Pharmacy in Hangzhou. The Company’s stores provide customers with a range of pharmaceutical products including prescription and over-the-counter (OTC) drugs nutritional supplements TCM personal and family care products and medical devices as well as convenience products including consumable seasonal and promotional items. Additionally it has licensed doctors of both western medicine and TCM on site for consultation examination and treatment of common ailments at scheduled hours.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *