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China Sky One Medical, Inc. Announces Record First Quarter 2008 Results
Date:5/13/2008

detailed in reports filed with the Securities and Exchange Commission from time to time.

- Financial Tables Follow -

China Sky One Medical, Inc. and Subsidiaries

Consolidated Statements of Operations

Three Months Ended March 31,

2008 2007

(unaudited) (unaudited)

Revenues $12,413,430 $5,179,116

Cost of Goods Sold 2,860,428 1,126,695

Gross Profit 9,553,002 4,052,421

Operating Expenses

Selling, general and administrative 3,956,795 2,043,776

Depreciation and amortization 76,348 83,355

Research and development 669,833 15,210

Total operating expenses 4,702,976 2,142,341

Other Income (Expense)

Other income 63,048 --

Interest expense (1,147) (16,494)

Total other income (expense) 61,901 (16,494)

Net Income Before Provision for

Income Tax 4,911,927 1,893,586

Provision for Income Taxes

Current 1,047,016 344,265

Net Income 3,864,911 $1,549,321

Basic Earnings Per Share $0.28 $0.13

Basic Weighted Average Shares Outstanding 13,732,269 12,036,524

Diluted Earnings Per Share $0.26 $0.12

Diluted Weighted Average Shares Outstanding 14,888,3
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SOURCE China Sky One Medical, Inc.
Copyright©2008 PR Newswire.
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