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Shengtai Pharmaceutical, Inc. Reports Strong Second Quarter Results of Fiscal Year 2008
Date:2/14/2008

,077 3,510,931 1,929,945

INCOME FROM

OPERATIONS 4,053,638 2,114,970 6,951,120 3,582,546

OTHER (EXPENSE)

INCOME:

Earnings on

equity investment 977 17,683 149,756 22,207

Non-operating

income 69,962 38,369 109,709 97,163

Non-operating

expense (26,495) (2,783) (203,844) (2,783)

Interest

expense and other

charges (519,417) (351,223) (935,881) (368,638)

Interest income 32,243 15,678 98,404 43,645

Other (expense),

net (442,730) (282,276) (781,856) (208,406)

INCOME BEFORE

PROVISION FOR

INCOME TAXES 3,610,908 1,832,694 6,169,264 3,374,140

PROVISION FOR

INCOME TAXES 481,323 243,723 787,168 301,138

NET INCOME 3,129,585 1,588,971 5,382,096 3,073,002

OTHER

COMPREHENSIVE

INCOME:

Foreign currency

translation

adjustments 140,556 246,971 1,412,651 246,971

COMPREHENSIVE

INCOME $ 3,270,141 $ 1,835,942 $ 6,794,747 $ 3,319,973

EARNINGS PER

SHARE

Basic $ 0.17 $ 0.16 $ 0.28 $ 0.30

Diluted $ 0.15 $ 0.16 $ 0.27 $ 0.30

WEIGHTED AVERAGE

NUMBER OF SHARES

Basic 18,961,992 10,125,000 18,918,496 10,125,000

Diluted 20,296,006 10,125,000 20,000,956 10,125,000

SHENGTAI PHARMACEUTICAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED DECEMBER 31, 2007 AND 2006

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SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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