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Tianyin Pharmaceutical Co., Inc. Reports Record Fiscal 2009 Financials With $7.9 Million in Net Income
Date:9/24/2009

2008 Sales $42,894,355 $33,459,609 Cost of sales 21,516,065 18,802,225 Gross profit 21,378,290 14,657,384 Operating expenses Selling expenses 7,825,939 4,725,480 General and administrative expenses 3,491,804 2,132,438 Research and development 343,952 230,745 Total operating expenses 11,661,695 7,088,663 Income from operations 9,716,595 7,568,721 Other income (expenses): Interest income 357,343 -- Interest expense (95,880) (368,113) Impairment loss on intangible assets (431,344) -- Total other income (expenses) (169,881) (368,113) Income before provision for income tax 9,546,714 7,200,608 Provision for income tax 1,639,104 1,229,300 Net income 7,907,610 5,971,308 Other comprehensive income Foreign currency translation adjustment 73,506 2,044,766 Comprehensive income $7,981,116 $8,016,074 Basic earnings per share $0.41 $0.38 Diluted earnings per share $0.32 $0.31 Weighted average number of common shares outstanding: Basic 15,937,411 14,511,717 Diluted 24,805,281 19,127,853

Consolidated Statements of Cash Flows

                                                   For the Years Ended June 30,
                    
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SOURCE Tianyin Pharmaceutical Co., Inc.
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