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American Oriental Bioengineering Reports Fourth Quarter and Full Year 2008 Financial Results
Date:3/9/2009

GROSS PROFIT 60,047,722 39,030,034 173,611,784 111,117,897 Selling and marketing 17,117,853 8,435,612 39,774,330 20,669,303 Advertising 12,342,238 6,696,321 34,102,538 22,865,903 General and administrative 5,132,162 4,131,923 18,765,757 13,365,156 Depreciation and amortization 1,371,108 936,546 4,383,215 1,989,425 Purchased in-process research and development 12,255,248 -- 12,255,248 -- Total operating expenses 48,218,609 20,200,402 109,281,088 58,889,787 EQUITY IN EARNINGS (LOSS) FROM UNCONSOLIDATED ENTITIES (541,336) -- (1,132,986) 23,711 INTEREST INCOME (EXPENSE), NET (1,414,233) 196,352 (2,571,015) 617,524 OTHER EXPENSE, NET 198,672 (589,087) (65,843) (525,065) MINORITY INTERESTS (27,575) -- (27,575) -- INCOME BEFORE INCOME TAXES 10,044,641 18,436,897 60,533,277 52,344,280 INCOME TAXES 2,003,492 3,204,281 12,727,388 9,053,399 NET INCOME 8,041,149 15,232,616 47,805,889 43,290,881 OTHER COMPREHENSIVE INCOME Foreign currency translation gain, net of tax 552 5,833,544 12,819,020 10,105,577 OTHER COMPREHENSIVE INCOME, NET OF TAX 552 5,833,544 12,819,020 10,105,577 COMPREHENSIVE INCOME $8,041,701 $21,066,160 $60,624,909 $53,396,458 NET INCOME PER COMMON SHARE BASIC $0.10 $0.21 $0.62 $0.62 DILUTED $0.10 $0.20 $0.61 $0.61 WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC
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SOURCE American Oriental Bioengineering, Inc.
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