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American Oriental Bioengineering Reports First Quarter 2009 Financial Results

tatements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.


                                                    THREE MONTHS ENDED
                                                         March 31
                                                   2009              2008
    REVENUES                                   $46,077,190       $38,768,598
    COST OF GOODS SOLD                          17,660,338        12,477,636

    GROSS PROFIT                                28,416,852        26,290,962

    Selling and marketing                        5,211,502         5,029,708
    Advertising                                  5,567,357         4,394,341
    General and administrative                   4,565,643         3,912,683
    Depreciation and amortization                1,858,915           977,210

    Total operating expenses                    17,203,417        14,313,942

    INCOME FROM OPERATIONS                      11,213,435        11,977,020

     UNCONSOLIDATED ENTITIES                       437,794                --
    INTEREST INCOME (EXPENSE), NET              (1,579,269)           16,847
    OTHER (EXPENSE), NET                           (98,609)         (101,790)

    INCOME BEFORE INCOME TAXES                   9,973,351        11,892,077
    INCOME TAXES                                 2,103,299         2,469,948

    NET INCOME                                   7,870,052         9,422,129
     CONTROLLING INTEREST                           (3,551)               --
SOURCE American Oriental Bioengineering, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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