China Pharma Holdings, Inc. Sees Improvement in Accounts Receivable Collection

January 21, 2009 -- China Pharma Holdings released a preliminary snapshot of its 2008 financial results. The company said that sales revenue jumped by more than 50% year-over-year, while its net income rose by at least 35%. China Pharma also reported success in strengthening its collection of accounts receivable, which helped the company book record high positive cash flow in operating activity. More details...

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