China Nepstar Posts Q1 Profit - Quick Facts

(RTTNews) - China Nepstar Chain Drugstore Ltd. (NPD), a leading retail drugstore chain in China, Tuesday reported a net income for the first quarter of RMB 7.5 million, compared to a net loss of RMB 3.4 million a year ago. On a per share ADS basis, earnings were RMB 0.076, compared to loss of RMB 0.034 last year.

For the quarter, revenue grew 9.9 percent to RMB 834.3 million from last year's RMB 759.1 million. Same store sales increased by 9.8 percent.

The company attributed the increases in revenue and same store sales mainly to increased in-store promotional initiatives and improved marketing of pharmaceutical products.