Stockguru.com: Dragon Pharmaceutical Inc. is in the StockGuru Spotlight for August 17, 2009
DRUG | Quote | Chart | News | PowerRating -- DALLAS, TEXAS : StockGuru announces that Dragon Pharmaceutical Inc. (OTCBB: DRUG | Quote | Chart | News | PowerRating) is in the StockGuru Spotlight. Dragon Pharmaceutical, incorporated in Florida and headquartered in Vancouver, Canada, is a leading manufacturer and distributor of a broad line of high-quality antibiotic products including Clavulanic Acid and 7-ACA, a key intermediate to produce cephalosporin antibiotics and formulated drugs. Dragon Pharma is the third largest 7-ACA producer and the dominant manufacturer and market leader of Clavulanic Acid products in China. Dragon Pharma utilizes its nationwide sales distribution network, close customer relationships, understanding of local markets and customer needs and low cost structure to outperform its international and domestic peers. With an annual capacity of 780 tons, Dragon Pharma is the largest exporter of 7-ACA in China.
On Friday, the company put out news announcing its financial results for the second quarter ended June 30, 2009, achieving earnings per share ("EPS") of $0.03 for the quarter and $0.05 for the first half of the year. On a sequential quarter basis, the Company's sales and net profit grew by 9% and 42% respectively in the quarter. The decrease compared to the same quarter of 2008 was mainly due to the higher sales in the second quarter of 2008 as the Company's customers purchased more products in anticipation of the Beijing Olympics and the Company's overhaul of certain production facilities in August 2008.
Shares for Dragon Pharmaceutical Inc. (OTCBB: DRUG | Quote | Chart | News | PowerRating) were down during the day of trading on Friday and closed slightly down at closing.
To view our StockGuru Spotlight on Dragon Pharmaceutical Inc. (OTCBB: DRUG), please visit: http://www.stockguru.com
What is the StockGuru Spotlight? The StockGuru Spotlight features stocks that we expect some action in. Generally speaking we expect a strong showing in the market based on the market, our knowledge of the stock and the buzz in the markets. Many times these will be stocks that have big news out recently, there is fresh interest in getting the word out on these stocks or we hear a buzz in our day to day contacts on these stocks. If we think it is going to move or see action, we put it in the StockGuru Spotlight. If we are compensated for a stock in the Spotlight, it will be clearly disclosed within this Spotlight Announcement.
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