Jinzanghuang Tibet (GREY:JZHG)
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JINZANGHUANG TIBET PHARMACEUTICALS, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) >...
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
  
(Unaudited)
  
                         
   
Three Months Ended December 31,
    
Six Months Ended December 31,
  
   
2011
    
2010
    
2011
    
2010
  
REVENUE
                        
    Pharmaceutical products
   $ -     $ -     $ -     $ 26,673  
    Services
     2,659,182       553,038       5,223,765       553,038  
      2,659,182       553,038       5,223,765       579,711  
COST OF SALES
                                
    Pharmaceutical products
     -       -       -       24,299  
    Services
     441,349       68,872       675,181       68,872  
    Business and sales related tax
     148,830       -       278,142       -  
      590,179       68,872       953,323       93,171  
                                 
GROSS PROFIT
     2,069,003       484,166       4,270,442       486,540  
                                 
COSTS AND EXPENSES
                                
    General and Administrative Expenses
     72,514       64,858       187,153       98,737  
OPERATING INCOME
     1,996,489       419,308       4,083,289       387,803  
                                 
OTHER INCOME
     6,348       -       7,402       -  
                                 
INCOME BEFORE INCOME TAX
     2,002,837       419,308       4,090,691       387,803  
                                 
INCOME TAX
     397,729       106,993       873,295       100,060  
                                 
NET INCOME
     1,605,108       312,315       3,217,396       287,743  
                                 
LESS: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS
     74,695       15,995       157,371       14,437  
                                 
NET INCOME ATTRIBUTABLE TO THE COMPANY
     1,530,413       296,320       3,060,025       273,306  
                                 
OTHER COMPREHENSIVE INCOME
                                
    Foreign currency translation gain, net of tax
     56,457       20,011       128,076       39,938  
                                 
COMPREHENSIVE INCOME
     1,586,870       316,331       3,188,101       313,244  
                                 
LESS: OTHER COMPREHENSIVE INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS
     2,823       10,512       7,516       26,581  
                                 
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE COMPANY
   $ 1,584,047     $ 305,819     $ 3,180,585     $ 286,663  
                                 
Basic and diluted earnings per common share
   $ 0.04     $ 0.01     $ 0.08     $ 0.01  
                                 
Weighted average number of shares outstanding
     40,665,063       40,665,063       40,665,063       40,665,063  
                                 
The accompanying notes are an integral part of these condensed consolidated financial statements.
  

Last updated February 17, 2012


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