Traditional Chinese medicine maker Q1 profits up 13.7%

BEIJING - Beijing Tongrentang (TRT) Co Ltd, a renowned traditional Chinese medicine maker, earned 239.74 million yuan ($39.17 million) in net profits in the first quarter of 2015, up 13.72 percent from the previous year.

The company filed its quarterly report with the Shanghai Stock Exchange late Wednesday. Its sales revenue reached 3.07 billion yuan, a year-on-year increase of 4.42 percent. Earnings per share hit 0.18 yuan.

As of Thursday, the last trading day before the Labor Day public holiday, its combined valuation hit 44.18 billion yuan.

Founded in 1669, TRT has opened 110 overseas branches with more than 600 employees.

China is making plans to help traditional Chinese medicine "go global," an official said during the Boao Forum for Asia annual conference last month.