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GLOBAL PHARM HLDGS GROUP INC (OTC:GPHG)

Thursday, December 9, 2010

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
FOR THE NINE MONTHS AND THREE MONTHS ENDED SEPTEMBER 30

	Three Months Ended September 30,				Nine Months Ended September 30,
	2010		2009		2010		2009
Revenues, net	$	30,617,820	$	18,362,383	$	90,176,505	$	57,415,438
Cost of Goods Sold		24,711,477		14,895,327		73,622,656		46,682,503
Gross Profit		5,906,343		3,467,056		16,553,849		10,732,935

Expenses:
Operating expenses		360,572		149,663		725,424		448,308
General and administrative		701,882		307,600		1,305,317		823,457
Income from Operations		4,843,889		3,009,793		14,523,108		9,461,170

Other Income (Expense)
Interest Income (Expense)		2,842		7,312		21,048		21,343
Miscellaneous Income (Expense)		-		-		-		(1,023	)
Income before Income Taxes		4,846,731		3,017,105		14,544,156		9,481,490

Provision for Income Taxes		1,184,907		745,852		3,609,764		2,365,726

Net Income	$	3,661,824	$	2,271,253	$	10,934,392	$	7,115,764


Basic and diluted weighted average shares		26,000,000		26,000,000		26,000,000		26,000,000
Earnings per share of common stock:
Basic and diluted earnings per share	$	0.14	$	0.09	$	0.42	$	0.27


Net Comprehensive Income
Net Income	$	3,661,824	$	2,271,253	$	10,934,392	$	7,115,764
Foreign currency translation adjustment		192,213		40,700		165,488		(1,584	)
Total comprehensive income	$	3,854,037	$	2,311,953	$	11,099,880	$	7,114,180