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China Biologic Products Announces Strong 2008 Results
Date:4/1/2009

12,374,787 9,695,333 INCOME FROM OPERATIONS 20,335,771 12,757,415 OTHER EXPENSES (INCOME): Equity in income of unconsolidated affiliate (175,231) -- Interest expense (income), net 373,497 88,686 Other expense (income), net 251,390 422,891 TOTAL OTHER EXPENSES (INCOME), NET 449,656 511,577 INCOME BEFORE PROVISION FOR INCOME TAXES AND MINORITY INTEREST 19,886,115 12,245,838 PROVISION FOR INCOME TAXES 4,596,603 2,074,560 NET INCOME BEFORE MINORITY INTEREST 15,289,512 10,171,278 LESS MINORITY INTEREST 3,303,841 1,991,902 NET INCOME 11,985,671 8,179,376 OTHER COMPREHENSIVE INCOME: Foreign currency translation gain 2,144,091 1,490,409 COMPREHENSIVE INCOME $14,129,762 $9,669,785 BASIC EARNINGS PER SHARE: Weighted average number of shares 21,434,942 21,434,942 Earnings per share $0.56 $0.38 DILUTED EARNINGS PER SHARE: Weighted average number of shares 21,556,342 21,861,014 Earnings per share $0.56 $0.37 CHINA BIOLOGIC PRODUCTS, INC. AND SUBSIDIARIES ASSETS 2008 2007 CURRENT ASSETS: Cash $8,814,616 $5,010,033 Note receivable -- 41,130
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SOURCE China Biologic Products, Inc.
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