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China-Biotics, Inc. Reports Record Quarterly and Annual Revenue Growth for Fiscal Year 2010
Date:6/13/2010

$ -- $ -- Cash advance from a director 3,113,900 -- Proceeds from issuance of common stock 74,906,572 -- Repayment in advance from a director (7,908,948) -- NET CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES $ 70,111,524 $ -- Effect of exchange rate changes on cash $ 242,937 $ 926,439 NET INCREASE IN CASH AND CASH EQUIVALENTS BALANCES $ 84,755,331 $ 6,513,593 CASH AND CASH EQUIVALENTS BALANCES AT BEGINNING OF PERIOD 70,824,041 64,310,448 CASH AND CASH EQUIVALENTS BALANCES AT END OF PERIOD $ 155,579,372 $ 70,824,041 Supplemental of disclosure cash flow information: Interest paid $ 1,005,885 $ 808,219 Income tax paid $ 5,329,205 $ 3,119,911 Three Months Ended March 31, 2010 2009 Adjusted Net income Net Income Diluted Net Income Diluted EPS EPS Adjusted Amount 8,773,196 0.36 5,570,132 0.33 Adjustments Non-cash (losses) gains from change in fair value of convertible bonds (5,889,000) (0.23) 1,019,000 0.06 Amount per consolidated statement of operations 2,884,196 0.13 6,589,132 0.39 Fiscal Year Ended March 31, FY2010 FY2009 Adjusted Net income Net Income Diluted Net Income Diluted EPS
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SOURCE China-Biotics, Inc.
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