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Shengtai Pharmaceutical, Inc. Reports First Quarter Results of Fiscal Year 2008
Date:11/15/2007

826,998

Total shareholders' equity 34,328,184 31,630,576

Total liabilities and

shareholders' equity $ 70,604,617 $ 73,760,133

SHENGTAI PHARMACEUTICAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006

(UNAUDITED)

Three months ended

September 30,

2007 2006

SALES REVENUE $ 19,373,069 $ 10,599,321

COST OF SALES 14,779,032 8,159,877

GROSS PROFIT 4,594,037 2,439,444

SELLING, GENERAL AND ADMINISTRATIVE

EXPENSES 1,696,555 971,868

INCOME FROM OPERATIONS 2,897,482 1,467,576

OTHER (EXPENSE) INCOME:

Earnings on equity investment 148,779 4,524

Non-operating income 39,747 58,794

Non-operating expense (177,349) --

Interest expense and other charges (416,464) (17,415)

Interest income 66,161 27,967

Other income (expense), net (339,126) 73,870

INCOME BEFORE PROVISION FOR INCOME

TAXES 2,558,356 1,541,446

PROVISION FOR INCOME TAXES 305,845 57,415

NET INCOME 2,252,511 1,484,031

OTHER COMPREHENSIVE INCOME:

Foreign currency translation


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SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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