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China Ruitai International Holdings Co., Ltd. Reports Results for the First Quarter 2010
Date:5/19/2010

30,424 Noncontrolling interest 234,436 215,047 Total Equity 24,071,417 22,045,471 $120,363,054 $120,183,732 CHINA RUITAI INTERNATIONAL HOLDING CO., LTD. AND SUBSIDIARIES Consolidated Statements of Income and Comprehensive Income Three months ended March 31, 2010 2009 (unaudited) (unaudited) Sales $10,238,256 $8,231,180 Cost of sales 6,929,872 4,976,541 Gross profit 3,308,384 3,254,639 Operating expenses: General and administrative expenses 284,252 815,233 Selling expenses 359,075 288,977 Total operating expense 643,327 1,104,210 Commercial leasing income 303,183 -- Cost of commercial leasing (214,007) -- Income from operations 2,754,233 2,150,429 Other income/(expense) Interest income 391,180 542,403 Interest expense (578,487) (765,551) Other income/(expense) 38,295 (41,983) Income before income tax expense 2,605,221 1,885,298 Income tax expense 646,302 471,326 Net income 1,958,919 1,413,972 Less: Net income attributable to the noncontrolling interest 19,389 14,140 Net income attributable to Ch
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SOURCE China Ruitai International Holdings Co., Ltd.
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