Cachet Pharmaceutical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2019
April 23, 2019 at 12:18 pm EDT
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Cachet Pharmaceutical Co., Ltd. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was CNY 4,839.082 million compared to CNY 3,788.463 million a year ago. Operating income was CNY 215.694 million compared to CNY 189.607 million a year ago. Net income was CNY 98.737 million compared to CNY 87.784 million a year ago. Basic earnings per share from continuing operations was CNY 0.39 compared to CNY 0.35 a year ago.
Cachet Pharmaceutical Co., Ltd. is a China-based company, principally engaged in the wholesale and retailing of pharmaceuticals. The Company mainly operates pharmaceutical wholesale business, which is engaged in the distribution of pharmaceuticals to the hospitals and community hospitals, and medical equipment sales business. In addition, the Company is also engaged in the pharmaceuticals retail business, which operates regular chain drug stores. It is also engaged in the pharmaceutical logistics, including sorting, storage and delivery services. The Company operates its businesses in Beijing and others.