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BMP Sunstone Rides Acquisition to Record 2008 Revenues

publication date: Mar 18, 2009

BMP Sunstone Corporation (美国美华太阳石集团公司) announced that its 2008 revenues climbed 350% higher to $114.9 million. BMP attributed the spectacular rise to a $65.7 million boost from its $125 million Sunstone acquisition, which closed in February of 2008. Sunstone transformed BMP from a drug distribution company into a combined pharmaceutical/distribution enterprise with higher margins. Profitability remains a problem for BMP Sunstone. The company reported non-GAAP net income was $7.2 million, a big improvement from a net loss of $9.0 million in 2007. Unfortunately, BMP Sunstone reported a GAAP net loss of $3.4 million in 2008. More details...

Stock Symbol: (NSDQ: BJGP)



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