China RuiTai Reports Fiscal Year 2007 Financi...(134011 -- Bad debt...),Health
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China RuiTai Reports Fiscal Year 2007 Financial Results
Date:4/16/2008
134,011 --
Bad debt expenses -- 88,176
Office expenses 364,906 195,843
Repair and maintenance 167,014 525,176
Travel and entertainment 206,675 148,569
Other general and administrative 249,486 78,917
TOTAL OPERATING EXPENSE 1,627,505 1,491,118
TOTAL EXPENSE 3,816,993 3,619,217
OPERATING INCOME (LOSS) 8,100,843 5,317,468
OTHER INCOME
Interest income 267,989 331,259
Interest expense (1,996,479) (1,159,076)
Government subsidy 556,627 --
Other income (expense) 106,855 (151,992)
TOTAL OTHER INCOME (1,065,008) (979,809)
INCOME TAX AND MINORITY INTEREST 7,035,835 4,337,659
PROVISION FOR TAXATION 2,110,750 1,301,297
INCOME BEFORE MINORITY INTEREST 4,925,085 3,036,362
MINORITY INTEREST (49,251) (30,364)
NET INCOME 4,875,834 3,005,998
OTHER COMPREHENSIVE INCOME (LOSS)
Effects of Foreign Currency
Conversion 490,336 104,608
COMPREHENSIVE INCOME (LOSS) $ 5,366,170 $ 3,110,606
BASIC AND FULLY DILUTED
EARNINGS PER SHARE $ 0.23 $ 0.14
WEIGHTED AVERAGE SHARES
OUTSTANDING 23,204,457 22,645,348
CHINA RUITAI INTERNATIONAL HOLDINGS CO., LTD. AND SUBSIDIARIES'/>"/>
| SOURCE China RuiTai International Holdings Co., Ltd. Copyright©2008 PR Newswire. All rights reserved |
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