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Lotus Pharmaceuticals, Inc. Reports Strong 2008 Financial Results
Date:4/22/2009

nding at December 31, 2008 and 2007, respectively) 42,420 41,794 Additional paid-in capital 11,554,381 8,095,848 Statutory reserves 3,750,529 2,161,505 Retained earnings 25,557,537 14,355,913 Other comprehensive gain - cumulative foreign currency translation adjustment 4,229,243 1,981,557 Total Shareholders' Equity 45,134,110 26,636,617 Total Liabilities and Shareholders' Equity $63,708,518 $36,899,533 LOTUS PHARMACEUTICALS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS For the Year Ended December 31, 2008 2007 NET REVENUES: Wholesale $65,264,281 $41,651,106 Retail 2,837,257 3,471,960 Other revenues 5,701,491 11,750,049 Total Net Revenues 73,803,029 56,873,115 COST OF SALES 40,440,088 33,678,963 GROSS PROFIT 33,362,941 23,194,152 OPERATING EXPENSES: Selling expenses 14,902,646 6,460,206 Research and development 1,200,194 2,411,651 General and administrative 2,190,157 3,014,002 Total Operating Expenses 18,292,997 11,885,859 INCOME FROM OPERATIONS 15,069,944 11,308,293 OTHER INCOME (EXPENSE):
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SOURCE Lotus Pharmaceuticals, Inc.
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