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

3 8,377,637 5,384,223

PROVISION FOR INCOME TAXES 321,220 216,990 1,108,388 518,128

NET INCOME 1,887,153 1,793,093 7,269,249 4,866,095

OTHER COMPREHENSIVE INCOME:

Foreign currency

translation adjustments 1,554,258 130,758 2,966,909 377,729

COMPREHENSIVE INCOME $3,441,411 $1,923,851 $10,236,158 $5,243,824

EARNINGS PER SHARE

Basic $0.10 $0.18 $0.38 $0.48

Diluted $0.10 $0.18 $0.36 $0.48

WEIGHTED AVERAGE NUMBER OF SHARES

Basic 19,069,805 10,125,000 18,967,857 10,125,000

Diluted 19,845,195 10,125,000 19,959,689 10,125,000

SHENGTAI PHARMACEUTICAL INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

AS OF MARCH 31, 2008 AND JUNE 30, 2007

A S S E T S

March 31, June 30,

2008 2007

(Unaudited)

CURRENT ASSETS:

Cash $ 3,229,336 $ 6,420,439

Restricted cash 2,490,000 6,128,500

Accounts receivable, net of

allowance for doubtful accounts

of $350,618 and $431,178 as of

March 31, 2008 and June 30, 2007,

respectively 7,530,395 5,779,967

Notes receivable 567,571 984,675

Other receivables 1,416,761 2,984,484

Other receivables - related

parties -- 2,491,656

Other receivables - shareholder --
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SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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