Selling and
marketing 8,435,612 2,988,430 20,669,303 8,876,829
Advertising 6,696,321 6,339,752 22,865,903 15,174,125
General and
administrative 4,131,922 3,904,795 13,365,156 10,446,740
Depreciation and
amortization 936,546 334,646 1,989,425 988,488
Total operating
expenses 20,200,401 13,567,623 58,889,787 35,486,182
INCOME FROM
OPERATIONS 18,829,633 13,636,027 52,228,110 36,377,687
INTEREST INCOME
(EXPENSE), NET 196,352 23,756 617,524 574,172
OTHER INCOME
(EXPENSE), NET (589,087) (349,425) (501,354) (333,798)
INCOME BEFORE INCOME
TAXES 18,436,898 13,310,358 52,344,280 36,618,061
INCOME TAXES 3,204,281 2,403,690 9,053,399 7,416,915
NET INCOME 15,232,617 10,906,668 43,290,881 29,201,146
OTHER COMPREHENSIVE
INCOME
Foreign currency
translation gain 6,142,663 1,360,255 11,888,914 2,948,793
Income tax expense
related to other
comprehensive
income (309,119) (795,688) (1,783,337) (442,319)
OTHER COMPREHENSIVE
INCOME, NET OF TAX 5,833,544 564,567 10,105,577 2,506,474
COMPREHENSIVE INCOME $21,066,161 $11,471,235 $53,396,458 $31,707,620
NET INCOME PER SHARE
BASIC $0.21 $0.17 $0.62 $0.47
DILUTED $0.20 $0.17 $0.61 $0.46
WEIGHTED AVERAGE
NUMBER OF SHARES
OUTSTANDING
BASIC 75,386,436 62,704,918 69,870,775 62,679,996
DILUTED 75,663,385 62,849,767 71,364,244 62,913,961
| SOURCE American Oriental Bioengineering, Inc. Copyright©2008 PR Newswire. All rights reserved |