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Tianyin Reports Record First Quarter Fiscal Year 2011 Financial Results
Date:11/10/2010

CHENGDU, China, Nov. 10, 2010 /PRNewswire-Asia-FirstCall/ -- Tianyin Pharmaceutical Co., Inc. (NYSE Amex: TPI), a pharmaceutical company that specializes in the patented biopharmaceutical, modernized traditional Chinese medicine, branded generics and other pharmaceuticals announced financial results for the first quarter of Fiscal Year 2011.

First quarter fiscal year 2011 ending September 30, 2010 financial highlights

  • 1Q FY2011 revenue increased 63.7% year over year to $22.0 million from $13.4 million a year earlier
  • 1Q FY2011 Operating income delivered $4.6 million, up 66.3% from $ 2.7 million a year earlier
  • Net Income increased 68.0% to $3.7 million, up from $2.2 million a year earlier
  • Earnings per share of $0.13 per basic share, or $0.12 per diluted share, up from $0.10 per basic share, or $0.08 per diluted share a year earlier, a gain of 54.4%  
  • Cash and equivalents totaled $26.9 million on September 30, 2010
  • Sichuan Jiangchuan Pharmaceutical Co., Ltd. ("Jiangchuan") macrolide facility construction progress on schedule: completion by yearend 2010

  • 1Q FY2011 Results1Q FY2010

    1Q FY2009

    YoY Sales

    $22.0 million

    $13.4 million

    +63.7% Gross Profit

    $10.8 million

    $7.1 million

    +53.2%Operating Income

    $4.6 million

    $2.7 million

    +66.3% Net Income

    $3.7 million

    $2.2 million

    +68.0% EPS (Diluted)

    $0.12

    $0.08

    +54.4% Diluted Shares

    29.9 million

    27.5 million

    +8.7%Sales for 1Q FY2011 was $22.0 million, up 63.7% vs. $13.4 million for 1Q FY2010. The sales growth was supported by the continuing channel expansion, market penetration and optimized usage of our expanded production facility.

    Revenues from our top selling products are listed as f
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    SOURCE Tianyin Pharmaceutical Co., Inc.
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