On Tuesday, Shares of China Jo-Jo Drugstores Inc (NASDAQ:CJJD), gained 7.14% to $1.95. The stock attained the volume of 2.76 million shares.
China Jo-Jo Drugstores, Inc. (CJJD) a leading China-based retail, wholesale and online distributor of pharmaceutical and health care products through its own online and retail pharmacies, announced preliminary half year fiscal 2016 sales estimates for the Company’s official branded online pharmacy through www.dada360.com, growing 438% year over year, consolidated gross profit margin was a record 25%.
China Jo-Jo’s online sales are principally driven by four categories of products counting: medical devices, OTC drugs, toiletries and nutritional supplements through the presence of 6 e-pharmacy platforms online, counting the Company’s official branded website and marketplaces in Alibaba and JD.com. The Company is at the forefront of supply chain administration and B2C sales in the fast growing online pharmacy space in China. The Company’s online pharmacy sales for the last four years has been led by Jo-Jo’s flagship store through Alibaba’s marketplace, however for the month of September, 2015, sales from China Jo-Jo’s own B2C website surpassed sales from the flagship store, which is indicative of the great demand for online pharmacy services in China. Additionally, sales from China Jo-Jo’s branded e-pharmacy storefront in Alibaba’s marketplace, raised by 130% in the first half of fiscal 2016.
China Jo-Jo believes that a main driver of its business, in particular, its e-pharmacy business is the rapid expansion of private health insurance and reform in China. Private commercial health insurance in China now accounts for less than 5% of all of the market for which the Chinese government is encouraging to grow. The Company continues to tap into this growing market through agreements that allow for exclusivity or preferred provider of pharmacy benefits which are ultimately driving transactions to the Company’s official online pharmacy pages in addition to retail stores.
China Jo-Jo Drugstores, Inc., together with its auxiliaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People’s Republic of China.
Shares of MGIC Investment Corp. (NYSE:MTG), dropped -1.73% to $9.67, during its last trading session.
Mortgage Guaranty Insurance Corporation (MGIC), the principal partner of MGIC Investment Corporation (MTG), has hired Steve Cox as Lead Account Manager for Georgia.
Mr. Cox has more than 30 years of experience in sales and marketing. He has an extensive background in mortgage finance having spent the majority of his career in leadership positions at mortgage banking and mortgage insurance companies.
Mr. Cox earned his Bachelor of Business Administration in marketing from the University of Iowa.
MGIC Investment Corporation, through its auxiliaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States.
Finally, Honeywell International Inc. (NYSE:HON), ended its last trade with -1.67% loss, and closed at $99.81.
The growth of e-commerce increases consumer choice and flexibility, but it also challenges distribution centers to keep pace with consumers’ higher expectations for faster and more accurate delivery. Nearly nine in 10 distribution center operators expect to adopt new mobile devices and voice-direction technology in the next five years to meet that need, according to a survey by Honeywell (HON) and YouGov.
The survey of hundreds of IT decision-makers across the United States, United Kingdom, France and Germany shows that mobile solutions are expected to increase in adoption over the next five years, driven by the need for increased order fulfillment accuracy and improved customer service requests.
With distribution centers losing on average more than $400,000 every year on picking errors, they are looking for a technology edge to improve accuracy and reduce costs. The technologies include mobile computers, printers and scanners featuring more reliable data capture technology, as well as equipping workers with wireless headsets that provide voice direction to improve accuracy and speed.
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment provides aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers and operators, airlines, military services, and defense and space contractors; and spare parts, and repair and maintenance services for the aftermarket.
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