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Yongye International Announces First Quarter 2010 Results
Date:5/12/2010

ccgir.com Web: http://www.ccgirasia.com Mr. Crocker Coulson, President Phone: +1-646-213-1915 Email: crocker.coulson@ccgir.com YONGYE INTERNATIONAL, INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF INCOME For the Three Months Ended March 31, 2010 March 31, 2009 Sales $24,934,716 $12,435,775 Cost of sales 11,077,957 5,902,607 Gross profit 13,856,759 6,533,168 Selling expenses 6,288,003 2,620,298 Research & development expenses 100,565 288,572 General and administrative expenses 1,851,254 345,157 Income from operations 5,616,937 3,279,141 Other expenses/(income) Interest expense, net 7,458 5,958 Other expenses, net 48,783 441 Decrease in fair value of derivative liabilities (12,534) (208,011) Total other expenses/(income), net 43,707 (201,612) Earnings before income tax expense 5,573,230 3,480,753 Income tax expense 944,488 155,447 Net income 4,628,742 3,325,306 Less: Net income attributable to the noncontrollin
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SOURCE Yongye International, Inc.
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