China Biopharma (CHBO) Issues Update of its Operations, Article Posted on

DALLAS, Texas - announces the publication of “China Biopharma (CHBO) Issues Update of its Operations.”

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In the article the author writes:

"China Biopharma Inc. (OTCBB: CHBO), the China-based pharmaceutical, released an update of the company’s operations to investors and other interested parties.”

China Biopharma expects profitability to increase as a result of its restructuring efforts:

“China Biopharma has improved its corporate restructuring initiated in 2007 as a plan by management to increase efficiencies and profitability. Revenue for the first nine months of 2008 ended September 30, 2008, jumped approximately 1,200% to $5.4 million, compared with approximately $400,000 revenue for the comparable period last year. A net profit for the nine-month period of fiscal 2008 was approximately $90,000, compared with a loss of nearly $(350,000) for last year equivalent period.”

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