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China-Biotics, Inc. Reports Second Quarter 2009 Financial Results
Date:11/11/2008

ed,

41,461,004 shares issued and

outstanding as of September 30, 2008) $4,146 $4,146

Additional paid-in capital 7,863,031 7,863,031

Retained earnings 37,536,014 29,827,144

Treasury stock at cost

(24,381,004 shares) (2,438) (2,438)

Accumulated other comprehensive

income 4,645,503 3,677,590

Capital and statutory reserves 3,025,794 3,025,794

Total stockholders' equity $53,072,050 $44,395,267

Total liabilities and stockholders'

equity $106,228,136 $93,791,526

CHINA-BIOTICS, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Amounts expressed in U.S. Dollars)

Three months ended Six months ended

September 30, September 30,

2008 2007 2008 2007

Net sales $11,495,249 $7,820,163 $22,865,906 $17,335,496

Cost of sales (3,462,853) (2,205,623) (6,721,522) (4,856,595)

Gross profit $8,032,396 $5,614,540 $16,144,384 $12,478,901

Operating expenses:

Selling expenses $(2,813,563) $(1,561,936) $(5,183,422) $(2,878,280)

General and

administrative

expenses (1,438,137) (1,087,053) (2,864,933) (1,896,617)

Total operating

expenses $(4,251,700) $(2,648,989) $(8,048,355) $(4,774,897)

Income from operations $3,780,696 $2,965,551 $8,096,029 $7,704,004

Other income and

expenses:

Changes in the fair

value of embedded

derivatives $1,904,000
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SOURCE China-Biotics, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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