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

Long term loan - current

maturity 414,120 381,350

Taxes payable 4,625,019 2,048,932

Total current liabilities 42,839,478 38,468,085

LONG TERM LIABILITIES

2,965,162

Other payable - noncurrent 3,661,472

Total long term liabilities 2,965,162 3,661,472

Total liabilities 45,804,640 42,129,557

COMMITMENTS AND CONTINGENCIES -- --

SHAREHOLDERS' EQUITY:

Preferred stock, $0.001 par

value, 5,000,000 shares

authorized, no shares issued and

outstanding -- --

Common stock, $0.001 par value,

100,000,000 shares authorized,

19,069,805 and 18,875,000

shares issued and outstanding as of

March 31, 2008 and June 30,

2007, respectively 19,070 18,875

Additional paid-in capital 19,828,665 19,163,549

Statutory reserves 1,735,484 1,735,484

Retained earnings 17,154,919 9,885,670

Accumulated other comprehensive

income 3,793,907 826,998

Total shareholders' equity 42,532,045 31,630,576

Total liabilities and

shareholders' equity $ 88,336,685 $ 73,760,133

SHENGTAI PHARMACEUTICAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED MARCH 31, 2008 AND 2007

(UNAUDITED)


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

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