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American Oriental Bioengineering Reports Second Quarter 2008 Financial Results
Date:8/11/2008

on of retained earnings is

$15,910,685 at June 30, 2008 and

December 31, 2007, respectively 125,399,613 102,117,792

Accumulated other comprehensive

income 28,356,182 16,266,986

Total Shareholders' Equity 349,270,458 313,083,090

TOTAL LIABILITIES AND SHAREHOLDERS'

EQUITY $ 396,552,073 $ 353,714,896

AMERICAN ORIENTAL BIOENGINEERING, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(UNAUDITED)

THREE MONTHS SIX MONTHS

ENDED JUNE 30, ENDED JUNE 30,

2008 2007 2008 2007

REVENUES $ 59,010,005 $ 33,913,234 $ 97,778,603 $ 59,662,608

COST OF GOODS

SOLD 18,928,447 10,210,485 31,406,083 18,240,539

GROSS PROFIT 40,081,558 23,702,749 66,372,520 41,422,069

Selling and

marketing 7,687,892 3,886,564 12,717,600 6,590,035

Advertising 7,452,231 5,412,510 11,846,572 9,237,855

General and

administrative 5,253,274 2,557,805 9,165,957 5,495,949

Depreciation

and

amortization 1,010,461 341,562 1,987,671 675,836

Total

operating

expenses 21,403,858 12,198,441 35,717,800 21,999,675

INCOME FROM

OPERATIONS 18,677,700 11,504,308 30,654,720 19,422,394

EQUITY IN

EARNINGS

(LOSS) FROM

UNCONSOLIDATED

ENTITIES (640,008) 3,888 (641,067) 11,000

INTEREST

INCOME

(EXPENSE), NET (30,616) 43,048 (13,769) 17,238

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SOURCE American Oriental Bioengineering, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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