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Encorium Reports Second Quarter 2010 Financial Results

ued operations-(674,416)(15,431)(295,580)Income Tax Expense (Benefit)----Net Loss$
(2,139,891)Weighted Average Common and Common Equivalent Shares OutstandingBasic and diluted3,404,0482,565,4853,396,1542,565,485Net Loss per Common ShareContinuing Operations$
(0.72)Discontinued Operations$
(0.11)Net Loss per Common Share$
(0.83)ENCORIUM GROUP, INCCONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED)Six Months Ended June 30,20102009Net Cash Used By Operating Activities$
(852,617)$ (4,713,471)Investing Activities:Purchases of property and equipment

(75,983)(36,258)Net Cash Used By Investing Activities(75,983)(36,258)Financing Activities:Payments under capital leases

(23,806)(46,742)Borrowings on capital leases

-Net cash from short-term borrowings

850,530275,567Net Cash Provided (Used) By Financing Activities826,724228,825Effect of Exchange Rate Changes on Cash and Cash Equivalents81,753(346,218)Net Decrease In Cash and Cash Equivalents(20,123)(4,867,122)Cash and Cash Equivalents, Beginning of Period196,5835,705,818Cash and Cash Equivalents, End of Period$

SOURCE Encorium Group, Inc.
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