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Shengtai Pharmaceutical, Inc. Reports Third Quarter Results of Fiscal Year 2008
Date:5/16/2008

such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

-- Financial Tables Follow --

SHENGTAI PHARMACEUTICAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME

FOR THE THREE AND NINE MONTHS ENDED MARCH 31, 2008 AND 2007

(UNAUDITED)

Three months ended Nine months ended

March 31, March 31,

2008 2007 2008 2007

SALES REVENUE $20,701,577 $12,563,088 $65,028,934 $35,472,898

COST OF SALES 16,220,665 9,297,002 50,085,971 26,694,321

GROSS PROFIT 4,480,912 3,266,086 14,942,963 8,778,577

SELLING, GENERAL AND

ADMINISTRATIVE EXPENSES 1,603,932 1,059,579 5,114,863 2,989,524

INCOME FROM OPERATIONS 2,876,980 2,206,507 9,828,100 5,789,053

OTHER (EXPENSE) INCOME:

Earnings on equity

investment 43,070 83,182 192,826 105,389

Non-operating income 67,451 1,704 177,160 98,867

Non-operating expense (96,191) (18) (300,035) (2,801)

Interest expense and

other charges (738,634) (323,688) (1,674,515) (692,326)

Interest income 55,697 42,396 154,101 86,041

Other (expense), net (668,607) (196,424) (1,450,463) (404,830)

INCOME BEFORE PROVISION

FOR INCOME TAXES 2,208,373 2,010,08
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SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2008 PR Newswire.
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