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

esearch and development expenses (249,357) (310,084) (79,576) (212,965) Total operating expenses (7,934,157) (13,030,427) (1,811,924) (2,050,956) Operating income / (loss) (684,494) (5,340,525) 608,970 1,738,208 Interest income / (expenses) (3,339,457) (2,207,878) (998,877) (1,141,472) Other income (expenses) 10,140 113,364 (237,918) 23,206 Government subsidies / grants -- 1,690,974 -- 1,417,859 Income / (loss) before minority interest and income taxes (4,013,811) (5,744,065) (627,825) 2,037,801 Income taxes (907,176) -- (382,368) -- Minority interest 256,486 (1,525,486) 168,270 (1,058,870) Net income / (loss) $(4,664,501) $(7,269,551) $(841,923) $978,931 Earnings / (loss) per share - basic $(0.05) $(0.08) $(0.01) $0.01 Weighted average shares outstanding - basic 100,887,853 96,872,524 101,556,376 97,359,178 Earnings / (loss) per share - diluted $(0.05) $(0.06) $(0.01) $0.01 Weighted average shares outstanding - diluted 100,887,853 125,103,425 101,556,376 131,377,347 Benda Pharmaceutical, Inc., Balance Sheet (In thousands, except share and per share data) September 30 December 31 2008 2007 (Unaudited) Assets Current Assets Cash and cash equivalents $1,685,375 $1,266,240 Trade receivables, net 11,895,149 10,472,233 Other receivables
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SOURCE Benda Pharmaceutical, Inc.
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