Le Gaga Holdings Limited (NASDAQ:GAGA)

Tuesday, October 26, 2010

                                                         
    Year Ended March 31,   Three Months Ended June 30,
    2008   2009   2010   2009   2010
    RMB   RMB   RMB   $   RMB   RMB   $
    (In thousands)
 
Profit for the year/period
    38,445       60,413       110,202       16,250       28,297       23,495       3,465  
Adjustments for net impact of biological assets fair value adjustment:
                                                       
Add: biological assets fair value adjustment included in cost of inventories sold
    65,626       98,627       135,712       20,012       23,115       49,457       7,293  
Less: changes in fair value less costs to sell of biological assets
    (70,247 )     (97,343 )     (152,743 )     (22,523 )     (35,647 )     (47,570 )     (7,015 )
                                                         
Net impact of biological assets fair value adjustment
    (4,621 )     1,284       (17,031 )     (2,511 )     (12,532 )     1,887       278  
                                                         
Adjusted profit for the year/period
    33,824       61,697       93,171       13,739       15,765       25,382       3,743


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