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

al liabilities and equity$74,461,487

$69,739,101Consolidated Statements of Operations and Comprehensive Income(Unaudited)For the Three Months Ended September 30,20102009Sales$21,950,814$13,405,203Cost of sales11,139,6896,349,227Gross profit10,811,1257,055,976Operating expenses:Selling, general and administrative

5,987,226

4,117,766Research and development

257,975

192,490Total operating expenses6,245,2014,310,256Income from operations4,565,9242,745,720Other income (expenses):Interest income (expense)

9,206

(9,560)Other expenses

-

(39,502)Total other income (expenses)9,206(49,062)Income before provision for income taxes4,575,1302,696,658Provision for income taxes905,439509,936Net income3,669,6912,186,722Less: Net loss attributable to noncontrolling interest(7,844)

(2,526)Net income attributable to Tianyin Pharmaceutical Co., Inc.3,677,5352,189,248Other comprehensive incomeForeign currency translation adjustment

952,882

35,857Comprehensive income$4,630,417

$ 2,225,105Basic earnings per share$
.13

$
.10
Diluted earnings per share$
.12

$
.08
Weighted average number of common shares outstandingBasic

27,891,488

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SOURCE Tianyin Pharmaceutical Co., Inc.
Copyright©2010 PR Newswire.
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