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China-Biotics, Inc. Reports Third Quarter 2008 Financial Results
Date:2/13/2008

ny forward- looking statements, whether as a result of new information, future events or otherwise.

-FINANCIAL TABLES FOLLOW-

CHINA-BIOTICS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited; Amounts expressed in US Dollars)

Three months ended Nine months ended

December 31, December 31,

2006 2007 2006 2007

Net sales $8,763,150 $11,931,306 $22,233,151 $29,266,801

Cost of sales (2,510,544) (3,183,056) (6,519,647) (8,039,651)

Gross profit $6,252,606 $8,748,250 $15,713,504 $21,227,150

Operating

expenses:

Selling expenses $(1,044,175) $(1,752,637) $(3,266,162) $(4,630,916)

General and

administrative

expenses (584,020) (1,258,927) (1,374,744) (3,155,544)

Total operating

Expenses $(1,628,195) $(3,011,564) $(4,640,906) $(7,786,460)

Income from

Operations $4,624,411 $5,736,686 $11,072,598 $13,440,690

Other income and

expenses:

Other income $37,864 $118,064 $142,242 $190,006

Other expenses (50,731) (384,212) (89,476) (404,147)

Total other income

(expenses) $(12,867) $(266,148) $52,766 $(214,141)

Income before

taxes $4,611,544 $5,470,538 $11,125,364 $13,226,549

Provision for

income taxes (1,009,310) (1,426,789) (3,066,112) (3,672,434)

Net income $3,602,234 $4,043,749 $8,059,252 $9,554,115

Earnings per

share:

Basic $0.21 $0.24 $0.47 $0.56

Diluted $0.21 $0.23 $0.47
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SOURCE China-Biotics, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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