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Tianyin Pharmaceutical Co., Inc. Announces First Quarter 2009 Financial Results
Date:11/11/2008

sold: 4,682,624 4,293,829

Gross profit: 4,879,316 2,875,664

Operating expenses:

Selling, general and administrative 2,633,361 1,036,480

Research and development 82,638 27,451

Total operating expenses: 2,715,999 1,063,931

Income from operations: 2,163,317 1,811,733

Other income (expenses):

Other income 14,245 --

Interest expense (27,720) (34,703)

Total other income (expenses): (13,475) (34,703)

Income before provision for income tax: 2,149,842 1,777,030

Provision for income tax: 358,849 265,074

Net income: 1,790,993 1,511,956

Other comprehensive income:

Foreign currency translation adjustment 89,434 183,851

Comprehensive income: $1,880,427 $1,695,807

Basic earnings per share: $0.09 $0.12

Diluted earnings per share: $0.07 $0.12

Weighted average number of common shares

outstanding:

Basic 15,357,818 12,790,800

Diluted 24,558,625 12,790,800

Consolidated Statements of Cash Flows

(Unaudited)

For the Three Months Ended

September 30,

2008 2007

Cash flows from operating activities:

Net Income
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SOURCE Tianyin Pharmaceutical Co., Inc.
Copyright©2008 PR Newswire.
All rights reserved

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