China Jo-Jo Drugstores, Inc. (CJJD – $2.65) operates 22 retail pharmacy stores in China offering both western and traditional Chinese medicine. Additionally, the Company provides access to licensed physicians providing consultations and/or outpatient services.
China Jo-Jo Drugstores was listed on the OTCBB in September of 2009 and reported its second quarter results a couple of weeks ago. Net sales for the third quarter ended September 30, 2009 were $12.2 million compared to $10.3 million in the comparable period of 2008, an increase of 18%. Net income was $1,716,187, or $.10 per diluted share, for the quarter ended September 30, 2009 compared to $1,578,365 or $.10 per diluted share for the comparable period last year.
We asked Mr. Bennet Tchaikovsky, CJJD’s Chief Financial Officer, to give us some more background information and insight in this exciting Chinese Company. If you have additional questions, feel free to call the Company’s IR firm Capital Group Communications, Inc. at 415-332-7200 or e-mail Mr. Tchaikovsky at firstname.lastname@example.org.
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