BEIJING (AP) _ China Biologic Products Inc. (CBPO) on Wednesday reported first-quarter profit of $53.4 million.
The Beijing-based company said it had net income of $1.36 per share. Earnings, adjusted for stock option expense and amortization costs, came to $1.56 per share.
The biopharmaceutical company posted revenue of $162.6 million in the period.
China Biologic Products shares have decreased slightly more than 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $109.02, a rise of 18% in the last 12 months.