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China Biologic Products Reports First Quarter 2008 Results
Date:5/15/2008

r expense 412 7,665

TOTAL OTHER EXPENSES 23,385 52,310

INCOME BEFORE PROVISION FOR INCOME

TAXES AND MINORITY INTEREST 3,614,285 2,778,048

PROVISION FOR INCOME TAXES 740,482 450,110

NET INCOME BEFORE MINORITY INTEREST 2,873,803 2,327,938

LESS MINORITY INTEREST 606,003 429,095

NET INCOME 2,267,800 1,898,843

FOREIGN CURRENCY TRANSLATION GAIN 1,123,359 92,773

OTHER COMPREHENSIVE INCOME $ 3,391,159 $ 1,991,616

BASIC EARNINGS PER SHARE

Weighted average number of shares 21,434,942 21,434,942

Earnings per share $ 0.11 $ 0.09

DILUTED EARNINGS PER SHARE

Weighted average number of shares 21,964,168 21,434,942

Earnings per share $ 0.10 $ 0.09

CHINA BIOLOGIC PRODUCTS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS ENDED MARCH 31, 2008 AND 2007

(UNAUDITED)

2008 2007

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income $ 2,267,800 $ 1,898,843

Adjustments to reconcile net income

to cash provided by operating activities:

Minority Interest 606,003 429,095

Depreciation 274,361 162,022

Amortization 26,157 10,859

Loss on disposal of equipment 166

Allowance for doub
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SOURCE China Biologic Products, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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