China Dasheng Biotechnology Company Reports Unaudited Third Quarter FY2009 Financi... (Stockholders' Equity $ 2636473...)

China Dasheng Biotechnology Company Reports Unaudited Third Quarter FY2009 Financial Results

Date:5/18/2009

Stockholders' Equity $ 26,364,737 $ 20,253,041

CHINA DASHENG BIOTECHNOLOGY COMPANY (FORMERLY NAMED AS MAX NUTRITION INC.) CONSOLIDATED STATEMENTS OF OPERATION (Unaudited) FOR THE NINE AND THREE MONTHS

ENDED MARCH 31, 2009 and 2008 (in US DOLLARS)

For the nine months For the three months ended
ended March 31, March 31,
2009 2008 2009 2008
Net Sales $16,076,862 $ 11,421,215 $ 5,308,553 $ 3,706,091
Cost of Sales (8,270,673) (6,135,328) (2,665,814) (1,945,490)
Gross profit 7,806,189 5,285,887 2,642,739 1,760,601
Operating Expenses:
Selling expenses 966,504 603,492 316,595 202,689
General and
administration expense 1,583,324 1,388,148 758,157 904,209
Total operating expenses 2,549,828 1,991,640 1,074,752 1,106,898
Income from Operations 5,256,361 3,294,247 1,567,987 653,703
Other Income and
Expenses:
Interest income
(expenses) 83,245 (31,837) 29,653 (3,194)
Other income 2,925 -- -- --
Other expenses (4,363) (58,468) 646 (1,319)
Total other income and
(expense) 81,807 (90,305) 30,299 (4,513)
Income before income
taxes and minority
interest 5,338,168 3,203,942 1,598,286 649,190
Minority Interest (973,579) (607,097) (293,613) (215,623)
Net income $ 4,364,589 $ 2,596,845 $ 1,304,673 433,567
Other Comprehensive
Income:
Foreign currency
translation
adjustment (116,464) 1,070,681 31,68
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SOURCE China Dasheng Biotechnology Company
Copyright©2009 PR Newswire.
All rights reserved
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