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China Sky One Medical, Inc. Announces Record Fourth Quarter and Fiscal Year 2007 Results
Date:4/2/2008

(10,557) (227,857)

Total other income (expense) 38,332 (227,857)

Net Income Before Provision for Income Tax 18,652,118 1,704,179

Provision for Income Taxes

Current 3,319,173 764,462

Deferred -- 315,302

3,319,173 1,079,764

Net Income $ 15,332,945 $ 624,415

Basic Earnings Per Share $ 1.27 $ 0.05

Diluted Earnings Per Share $ 1.15 $ 0.05

Basic Weighted Average Shares Outstanding 12,094,949 12,031,536

Diluted Weighted Average Shares Outstanding 13,370,528 12,941,283

The Components of Other Comprehensive

Income

Net Income $ 15,332,945 $ 624,415

Foreign currency translation adjustment 1,849,724 364,565

Comprehensive Income $ 17,182,669 $ 988,980

China Sky One Medical, Inc. and Subsidiaries

Audited Consolidated Statements of Operations

Three Months Ended December 31,

2007 2006

Revenues $ 12,723,375 3,940,786

Cost of Goods Sold 2,835,176 660,957

Gross Profit 9,888,199 3,279,829

Operating Expenses

Selling, general and administrative 3,365,194 3,788,636

Depreciation and amortization 166,556 (13,872)

Research and development 1,406,727 37,327

Total operating expenses
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SOURCE China Sky One Medical, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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