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China BCT Reports Strong Second Quarter 2010 Results
Date:8/16/2010

e excluded from the adjusted financial measure. However, the Company's management compensates for these limitations by providing the relevant disclosure of the items excluded. A reconciliation of each adjusted measures to the nearest GAAP measure appears in the table below.

For more information, please contact: Company Contact: Ms. Shelly Zhang, Chief Financial Officer China BCT Pharmacy Group, Inc. Email: z_shelly@hotmail.com Tel: +86-772-363-8318 Website: http://www.china-bct.com Investor Relations Contact: Mr. Crocker Coulson, President Email: crocker.coulson@ccgir.com Tel: +1-646-213-1915 Website: http://www.ccgirasia.com China BCT Pharmacy Group, Inc. RECONCILIATION OF NON-GAAP NET INCOME AND DILUTED EPS Three months Ended Six months Ended June 30, June 30, US$ - thousands, except per share 2010 2009 2010 2009 Net income $7,132 $5,271 $11,377 $10,278 - Non-cash adjustment - Change in fair value of warrant liabilities 418 -- 707 -- Adjusted net income excluding non- cash item $7,550 $5,271 $12,083 $10,278 Per diluted share - Net income per share $0.19 $0.16 $0.30 $0.32 - Non-cash adjustment per share $0.01 -- $0.02 -- - Adjusted net income per share $0.20 $0.16 $0.32 $0.32 Weighted average shares outstanding - '000 - Diluted 38,471 32,000 38,295 32,000 China BCT Pharmacy Group, Inc. (Formerly named China Baicaotang Medicine Limited) Consolidated Statements of Income and Comprehensive Income (Unaudited) (Stated in US Dollars) Three months ended Six months ended June 30, June 30, 2010 2009 2010 2009 Sales revenue $47,492,718 $33,263,862 $81,521,596 $65,606,254 Cost of sales 34,879,110 24,745,489 60,046,311 48,239,284 Gross profit 12,613,608 8,518,373 21,475,285 17,366,970 Operating expenses Administrative expenses 1,294,476 800,951 2,936,899 1,797,046 Research and development expenses -- 52,9
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SOURCE China BCT Pharmacy Group, Inc.
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