VanEck ETF Trust VanEck CMCI Co (BATS:CMCI)

Tuesday, February 15, 2011


The following table sets forth information from our statements of operations for the years ended June 30, 2010, and 2009:
 
   
For the Years Ended June 30,
 
   
2010
   
2009
 
             
Net Revenue
  $ 14,357,334     $ 11,747,815  
Cost of Goods Sold
    (7,694,202 )     (6,262,169 )
Gross profit
    6,663,132       5,485,646  
                 
Operating expenses
               
Selling and marketing expenses
    (156,589 )     (42,608 )
General and administrative expenses
    (445,301 )     (541,363 )
Total operating expenses
    (601,890 )     (583,971 )
                 
                 
                 
Operating Income
    6,061,242       4,901,675  
                 
Other income (expenses):
               
      Non-operating Income
    7,642       3,638  
Non-operating Expense
    (5,678 )     (8,939 )
           Total other expenses
    1,964       (5,301 )
                 
Income before income tax
    6,063,206       4,896,374  
Provision(benefit) for income tax
    1,500,371       1,211,340  
Net Income
  $ 4,562,835     $ 3,685,034  


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