Buddha Steel Inc. (GREY:AGVO)

Tuesday, July 27, 2010


	31-Dec-09					31-Dec-08
			% of Net					% of Net
	Amount		Sales			Amount		Sales
Net Sales	$	275,779,038		100.0	%	$	185,810,277		100.0	%
Cost of sales		259,401,899		94.1	%		174,696,115		94.0	%
Gross profit		16,377,139		5.9	%		11,114,162		6.0	%
Selling, General and Administrative Expenses		2,694,123		1.0	%		2,760,303		1.5	%
Operating Income		13,683,016		5.0	%		8,353,859		4.5	%
Other income & interest expense		1,821,656		0.7	%		1,884,990		1.0	%
Income Before Income Taxes		11,861,360		4.3	%		6,486,869		3.5	%
Income taxes		58,556		0.0	%		144,891		0.1	%
Net income	$	11,802,804		4.3	%	$	6,323,978		3.4	%