China Biologic Products Q2 Profit Rises

(RTTNews) - China Biologic Products, Inc. (CBPO) Wednesday reported second-quarter net income of $26.7 million or $0.99 per share, up from $19.7 million or $0.79 per share last year.

Adjusted net income increased to $1.06 per share from $0.82 per share last year.

Total sales in the second quarter increased by 31.6 percent to $79.1 million from $60.1 million last year.

Analysts polled by Thomson Reuters estimated earnings of $0.87 per unit on revenues of $71.75 million for the quarter. Analysts' estimates typically exclude special items.

For the full year of 2015, the company continues to expect sales of $290 million to $295 million.