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Jiangbo Pharmaceuticals Reports Results for Third Quarter of Fiscal Year 2010
Date:5/17/2010

Series A ($0.001 par value; 0 shares issued and outstanding as of March 31, 2010 and June 30, 2009) -- -- Common stock ($0.001 par value, 22,500,000 and 15,000,000 shares authorized, 11,474,802 and 10,435,099 shares issued and outstanding as of March 31, 2010 and June 30, 2009, respectively) 11,475 10,435 Paid-in-capital 28,488,749 48,397,794 Capital contribution receivable (11,000) (11,000) Retained earnings 85,611,586 67,888,667 Statutory reserves 3,253,878 3,253,878 Accumulated other comprehensive income 6,809,530 6,523,602 Total shareholders' equity 124,164,218 126,063,376 Total liabilities and shareholders' equity $186,783,942 $168,742,463 JIANGBO PHARMACEUTICALS, INC. AND SUBSIDIARIES (FORMERLY KNOWN AS GENESIS PHARMACEUTICAL ENTERPRISES, INC.) CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME FOR THE THREE AND NINE MONTHS ENDED MARCH 31, 2010 AND 2009 (UNAUDITED) For the Three Months Ended For the Nine Months Ended March 31, March 31, 2010 2009 2010 2009 REVENUES: Sales $ 25,571,389 $25,725,837 $68,135,385 $ 85,991,330 Sales - related parties -- -- -- 243,943 Total revenues 25,571,389 25,725,837 68,135,385 86,235,273 COST OF SALES Cost of sales 6,974,455 6,853,810 17,901,903 19,705,020 Cost of sales - re
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SOURCE Jiangbo Pharmaceuticals, Inc.
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