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Genesis Pharmaceuticals Reports Results for the Second Quarter of its Fiscal Year 2009
Date:2/17/2009

VE EXPENSES 13,282,421 10,311,750 26,634,396 17,133,166 INCOME FROM OPERATIONS 11,425,697 8,483,150 18,772,853 13,417,584 OTHER (INCOME) EXPENSE: Other (income) expense, net 429,559 (40,185) 1,344,529 (27,507) Other (income) expense - related parties (92,774) (26,944) (236,724) (53,436) Non-operating (income) expense (225,558) (59,606) (150,937) 297 Interest expense, net 1,549,331 339,484 2,902,125 399,484 Loss from Discontinued Operations 1,545,607 112,931 1,590,823 112,931 OTHER EXPENSE, NET 3,206,165 325,680 5,449,816 431,769 INCOME BEFORE PROVISION FOR INCOME TAXES 8,219,532 8,157,470 13,323,037 12,985,815 PROVISION FOR INCOME TAXES 2,820,346 3,004,007 4,790,367 4,597,360 NET INCOME 5,399,186 5,153,463 8,532,670 8,388,455 OTHER COMPREHENSIVE INCOME: Unrealized Holding (loss) gain (384,650) 1,618,203 (1,947,617) 1,618,203 Foreign currency Translation Adjustment 248,823 1,050,485 579,464 1,467,831 COMPREHENSIVE INCOME $5,263,359 $7,822,151 $7,164,517 $11,474,489 BASIC WEIGHTED AVERAGE NUMBER OF SHARES 9,771,883 9,641,742 9,770,615 5,907,192 BASIC EARNINGS PER SHARE $0.55 $0.53 $0.87 $1.42 DILUTED WEIGHTED AVERAGE NUMBER OF SHARES 10,418,317 10,206,553 10,443,463 6,472,003 DILUTED EARNINGS PER SHARE $0.11 $0.02 $0.41 $0.53 GENESIS PHARMACEUTICALS ENTERPRISES, INC. AND SUBSIDIARIE
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SOURCE Genesis Pharmaceuticals Enterprises, Inc.
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