On Thursday, Shares of Biostar Pharmaceuticals, Inc. (NASDAQ:BSPM), surged 22.95% to $1.50.
Biostar Pharmaceuticals, declared its results of operations for the full year and the quarter ended December 31, 2014.
Mr. Ronghua Wang, Chairman and CEO of Biostar Pharmaceuticals, Inc. commented: “In 2014, we practiced double digit growth in both our top line and gross profit. We believe our positive results are the fruits of labor from our loyal and practiced team at Biostar. By hitting 16.5% growth in sales, we were able to achieve and exceed our internal sales targets. Despite certain write-offs and one off dispositions, we were able to achieve net profit margins of 7.89%. We believe the Company has returned to normal sustainable profit margins after weathering the storm in 2012 that adversely affected our entire industry. We do believe through market research and input from our customers, vendors, industry experts, we were able to adapt to the market by, among other things, developing and introducing several new products to the market. We also executed on a new sales strategy which comprised of rolling out revised incentive compensation structure for our sales team and sales channels.”
“In 2015, the Company will continually re-examine its product portfolio to focus on high margin products and expand its national sales footprint. The Company will look to grow sales for its products via e-commerce. Of course, the Company will not remain static with its core competency the research and development of new drugs. The Company also believes that economies of scale is vital to continue to improve its bottom line; accordingly, when the right opportunity presents itself, the Company will consider acquiring competitors to ramp up its production.” In closing, Chairman Wang noted: “We will make every effort to make 2015 a banner year so that we can bring superior returns to all of our stakeholders.”
Biostar Pharmaceuticals, Inc. develops, manufactures, and markets over-the-counter (OTC) and prescription pharmaceutical products for various diseases and conditions in the Peoples Republic of China. The company principally offers Xin Ao Xing Oleanolic Acid capsule, an OTC medicine for the treatment of chronic hepatitis B. Its current product line also comprises 5 other OTC products, 10 prescription-based pharmaceuticals, 6 nutriceuticals or health products, and 1 medical device.
Shares of PARTY CITY HOLDCO INC. (NYSE:PRTY), gained 21.76% to $20.70, during the last trading session on Thursday, hitting its highest level.
PARTY CITY HOLDCO, opened for trading yesterday on the New York Stock Exchange (NYSE) under the ticker symbol “PRTY” after its initial public offering on the floor of the NYSE. Barclays is the Designated Market Maker for the company’s stock.
CEO James M. Harrison, joined by members of Party City’s leadership team, commemorated the company’s public debut by ringing the NYSE Opening Bell® and visiting the trading floor to watch the stock open.
“We’re excited to welcome Party City to the NYSE’s community of the world’s most recognized brands,” said NYSE Group Global Head of Capital Markets, Garvis Toler. “Party City is a leading party goods retailer and a destination for customers celebrating life’s memorable events, counting today’s once in a lifetime IPO on the floor of the New York Stock Exchange. We look forward to many more milestones with the company as part of the NYSE family of listed companies.”
Party City Holdings Inc., through its auxiliaries, designs, manufactures, contracts for manufacture, and distributes party goods worldwide. The company operates in two segments, Wholesale and Retail. It offers a selection of decorated party goods with about 40,000 SKUs that comprise paper and plastic tableware, metallic and latex balloons, novelties, costumes and other garments, stationery, and gifts for everyday, themed, and seasonal events.
At the end of Thursday’s trade, Shares of Akamai Technologies, Inc. (NASDAQ:AKAM), gained 1.61% to $72.49.
Akamai Technologies, will use the forthcoming RSA Conference 2015 (Booth N4000) to showcase how advanced cloud security intelligence can assist protect enterprises against a constantly changing threat landscape. Through live demonstrations of the Company’s Cloud Security Solutions, event attendees will have the opportunity to see firsthand how Akamai’s powerful Cloud Security Intelligence, a data processing engine within the Akamai Intelligent Platform, is delivering comprehensive insight into how malicious actors are attacking web properties, which in turn is influencing more effective technology and strategies for combating malicious actors.
Attendees also will have the opportunity to learn more about two new managed cloud security offerings, Managed Kona Site Defender and Kona DDoS Defender. Both solutions are designed to combine Akamai’s industry-proven cloud security solutions with world‑class security expertise to assist protect websites and web applications from malicious activity.
Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing online content and business applications in the United States and internationally.
Finally, Citigroup Inc. (NYSE:C), ended its Thursday’s trading session with 1.52% gain, and closed at $54.02.
Citigroup, stated net income for the first quarter 2015 of $4.8 billion, or $1.51 per diluted share, on revenues of $19.7 billion. This contrast to net income of $3.9 billion, or $1.23 per diluted share, on revenues of $20.2 billion for the first quarter 2014.
Michael Corbat, Chief Executive Officer of Citigroup, said, “We had a strong quarter overall, particularly in executing against our top planned precedingities. While some businesses faced revenue headwinds, we grew loans and deposits in our core businesses and gained wallet share among our target clients. We tightly managed our expenses, assisting to achieve positive operating leverage in Citicorp and we are on track to hit our financial targets for the year.
“Citi Holdings was profitable again and we declared the sale of OneMain, the largest business remaining in Holdings. We utilized $1.2 billion of deferred tax assets, assisting raise our Common Equity Tier 1 Capital ratio to 11.0% and our Supplementary Leverage Ratio to 6.4%.
“We were happy that the Federal Reserve did not object to our capital plan so we can now start meaningful capital return to our shareholders. We remain committed to building a safer and stronger institution and we will continue to make the necessary investments to ensure we have a sustainable capital planning process,” Mr. Corbat concluded.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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