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China Jo-Jo Drugstores, Inc. Message Board

  • Chart_Watcher99 Chart_Watcher99 Jul 2, 2012 9:27 AM Flag

    Retail sales down...Wholesale

    business up. One basicly offsets the other...with online & cultivated herbs sales up from zero revenue.

    "Despite the significant decline of our retail sales, however, we were able to make up lost grounds with our entry into, and expansion of, the wholesale business. As a result, our overall revenue for the year ended March 31, 2012 increased from the prior year, and we believe we are in position to continue to grow our wholesale business to hedge against any further decline to our retail business, especially if Jiuxin Medicine can become qualified to supply to hospital-affiliated pharmacies. We intend, however, to remain competitive with our retail business, and plan to open more upscale, service-oriented pharmacies to further differentiate ourselves from our competitors."

1.61-0.06(-3.87%)Jun 24 3:59 PMEDT