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China Sky One Medical, Inc. Announces Record Third Quarter 2008 Results


(Unaudited) (Unaudited) (Unaudited) (Unaudited)

Revenues $29,699,282 $16,770,570 $65,861,304 $36,594,933

Cost of Goods Sold 7,366,059 3,669,012 15,748,801 8,104,355

Gross Profit 22,333,223 13,101,558 50,112,503 28,490,578

Operating Expenses

Selling, general

and administrative 7,596,953 5,100,408 18,140,807 12,798,383

Depreciation and

amortization 308,023 55,565 523,375 276,507

Research and

development 2,677,142 1,355,784 4,719,554 1,751,624



expenses 10,582,118 6,511,757 23,383,736 14,826,514

Other Income (Expense)

Other income 810,733 2,282 838,242 14,309

Interest expense (1,494) -- (135,136) (16,494)

Total other


(expense) 809,239 2,282 703,106 (2,185)

Net Income Before

Provision for

Income Tax 12,560,344 6,592,083 27,431,873 13,661,879

Provision for Income


Current 2,616,909 1,145,812 5,512,860 2,433,964

Net Income $9,943,435 $5,446,271 $21,919,013 $11,227,915

Basic Earnings Per

Share $0.64 $0.45 $1.50 $0.93

Basic Weighted

Average Shares

Outstanding 15,464,084 12,110,201 14,657,059 12,077,491

Diluted Earnings Per

Share $0.60 $0.44 $1.39 $0.90

Diluted Weighted

Average Shares

Outstanding 16,492,414 12,502,332 15,745,542 12,468,186

The Components of

Other Comprehensive


Net Income $9,943,435 $5,446,271 $2

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

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