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Benda Pharmaceutical Reports Third Quarter 2008 Financial Results
Date:11/18/2008

al, Inc. Income Statement (In thousands, except share and per share data) NINE MONTHS ENDED THREE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, 2008 2007 2008 2007 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue $19,860,057 $15,796,295 $6,634,434 $7,559,443 Cost of goods sold (12,610,394) (8,106,393) (4,213,540) (3,770,279) Gross profit 7,249,663 7,689,902 2,420,894 3,789,164 Selling expenses (2,122,689) (675,013) (691,477) (330,127) General and administrative expenses Amortization of intangible assets (148,591) (89,107) (50,643) (33,888) Amortization of debt issue costs (198,360) (134,653) (66,603) (67,384) Depreciation (373,639) (223,418) (130,144) (9,162) Bad debts (534,124) (502,273) 239,769 274,586 Director remuneration (162,968) (58,959) (22,500) (25,014) Penalty to Investors (1,380,173) (540,000) (266,768) (420,000) Brokerage fee -- (291,124) -- (51,161) Cash bonus -- (173,400) -- -- Consulting and professional fees -- (8,222,184) -- (339,768) Other general and administrative expenses (2,764,256) (1,801,814) (743,982) (827,675) Total general and administrative expenses (5,562,111) (12,036,932) (1,040,871) (1,499,466) Gains / (losses) on disposals of fixed assets -- (8,398) -- (8,398) R
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SOURCE Benda Pharmaceutical, Inc.
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