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China Biologic Products Announces First Quarter 2010 Results
Date:5/17/2010

,315 Total other expense (income), net (4,661,034) 774,944 INCOME BEFORE PROVISION FOR INCOME TAXES AND NONCONTROLLING INTEREST 17,886,918 9,288,594 PROVISION FOR INCOME TAXES 3,196,066 2,030,194 NET INCOME BEFORE NONCONTROLLING INTEREST 14,690,852 7,258,400 Less: Net income attributable to noncontrolling interest 4,085,212 3,000,082 NET INCOME ATTRIBUTABLE TO CONTROLLING INTEREST 10,605,640 4,258,318 OTHER COMPREHENSIVE INCOME: Foreign currency translation adjustments (4,654) 445,939 COMPREHENSIVE INCOME $10,600,986 $4,704,257 BASIC EARNINGS PER SHARE: Weighted average number of shares 23,386,893 21,434,942 Earnings per share $0.45 $0.20 DILUTED EARNINGS PER SHARE: Weighted average number of shares 26,471,425 21,434,942 Earnings per share $0.41 $0.20 CHINA BIOLOGIC PRODUCTS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS AS OF MARCH 31,2010 and DECEMBER 31, 2009 ASSETS March 31, December 31, 2010 2009 (Unaudited) CURRENT ASSETS: Cash and cash equivalents $51,190,425 $53,843,951 Notes receivable 550,125 0 Accounts receivable, net of allowance for doubtful accounts of $1,255,629 and $1,254,955 as of March 31,2010 and De
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SOURCE China Biologic Products, Inc.
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