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Caraco Pharmaceutical Laboratories Ltd. Reports Record Net Sales for the Second Quarter and First Six Months of Fiscal 2008
Date:10/24/2007

TED STATEMENTS OF OPERATIONS

Six Months ended Quarter ended

September 30, September 30,

2007 2006 2007 2006

Net sales $76,754,883 $53,031,116 $41,354,567 $28,279,969

Cost of goods sold 42,871,307 25,788,987 23,338,768 14,045,813

Gross profit 33,883,576 27,242,129 18,015,799 14,234,156

Selling, general and

administrative

expenses 6,436,725 4,502,861 3,034,058 2,386,421

Research and

development costs -

affiliate 5,440,000 11,761,280 5,440,000 7,382,080

Research and

development costs -

other 8,389,210 4,043,476 5,103,723 2,346,316

Operating income

(loss) 13,617,641 6,934,512 4,438,018 2,119,339

Other income

Interest expense - (28,194) - (28,194)

Interest income 886,455 350,247 419,162 219,327

Other income - 39,889 - 58

Other income 886,455 361,942 419,162 191,191

Net income before

taxes 14,504,096 7,296,454 4,857,180 2,310,530

Income Taxes 1,367,966 - 236,265 -

Net income $13,136,130 $7,296,454 $4,620,915 $2,310,530

Net income per common

share

Basic 0.46 0.28 0.16 0.09

Diluted 0.34 0.19 0.12 0.06

Weighted number of

Shares

Basic 28,739,315 26,429,040 28,739,315 26,429,040

Diluted 38,483,864 38,463,119 38,640,844 39,106,236


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SOURCE Caraco Pharmaceutical Laboratories, Ltd.
Copyright©2007 PR Newswire.
All rights reserved

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