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Biostar Pharmaceuticals, Inc. Reports Continued Revenues and Earnings Growth in First Quarter of 2009
Date:5/27/2009

09 and December 31, 2008 23,241 23,241 Additional paid-in capital 10,430,168 10,430,168 Statutory reserves 1,776,634 1,585,383 Retained earnings 12,634,436 10,996,655 Accumulated other comprehensive income 250,477 237,658 Total Stockholders' Equity 25,114,956 23,273,105 Total Liabilities and Stockholders' Equity $31,292,782 $28,997,639 BIOSTAR PHARMACEUTICALS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended March 31, 2009 2008 Sales, net $7,447,664 $6,810,259 Cost of sales 2,658,807 2,638,679 Gross profit 4,788,857 4,171,580 Selling, general and administrative expenses 2,479,984 2,052,678 Income from operations 2,308,873 2,118,902 Other Income (Expense) Interest income 310 79 Interest expense -- (13,953) Total other Income (Expense) 310 (13,874) Income before income taxes 2,309,183 2,105,028 Provision for income taxes 480,151 283,898 Net income $1,829,032 $1,821,130 Net income per common share
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