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Biostar Doubles Revenues in 2008

publication date: Apr 8, 2009

Biostar Pharmaceuticals reported that 2008 revenues more than doubled to $33.9 million while net income rose 69% to $6.7 million. That is equal to 22 cents per share, fully diluted. The earnings-per-share figure was only a nominal improvement over last year’s 19 cents. Biostar, which operates in China through Shaanxi Aoxing Pharmaceutical Company, an herb-based medicine company, attributed the revenue gains to its marketing programs. More details...

Stock symbol: (OTCBB: BSPM)



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