China Medicine Corporation announced that 2008 revenues increased 27% to $53.6 million, while net income actually outpaced the growth in revenues, rising 33% to $9.1 million. That is equivalent to 60 cents per share, fully diluted. The improved results build on a 75% increase in revenues in 2007. These results beat the company’s guidance, even though China Medicine warned in October 2008 it would not meet its forecast. At the time, China Medicine did not issue a lower set of numbers. More details...

Stock Symbol: (OTCBB: CHME)