Orient Pet & Energy (GREY:OPEI)
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Sunday, September 19, 2010


   
Three months ended June 30,
  
   
2010
    
2009
  
   
(Unaudited – amounts in thousands except percentages)
  
Net sales
   $ 52,649       100.00 %   $ 39,264       100.00 %
Cost of sales
     (44,276 )     (84.10 )%     (33,873 )     (86.27 )%
Gross profit
   $ 8,373       15.90 %   $ 5,391       13.73 %
Operating expenses:
                                
Selling expenses
   $ (702 )     (1.33 )%   $ (663 )     (1.69 )%
General and administrative expenses
     (143 )     (0.27 )%     (140 )     (0.36 )%
Income from operations
   $ 7,528       14.30 %   $ 4,588       11.69 %
Other income (expense)
     (74 )     (0.14 )%     20       0.05 %
Income tax expenses
     (1,858 )     (3.53 )%     (1,151 )     (2.93 )%
Net income
   $ 5,596       10.63 %   $ 3,457       8.80 %

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                                                                                                            Years ended March 31,
  
   
2010
    
2009
  
   
(Amounts in thousands except percentages)
  
Net sales
   $ 173,706       100.00 %   $ 142,572       100.00 %
Cost of sales
     (146,647 )     (84.42 )%     (124,548 )     (87.36 )%
Gross profit
   $ 27,059       15.58 %   $ 18,024       12.64 %
Operating expenses:
                                
Selling expenses
     (2,899 )     (1.67 )%     (2,360 )     (1.66 )%
General and administrative expenses
     (592 )     (0.34 )%     (688 )     (0.48 )%
Income from operations
   $ 23,568       13.57 %   $ 14,976       10.50 %
Other income (expense)
     (433 )     (0.25 )%     (356 )     (0.25 )%
Income tax expenses
     (5,786 )     (3.33 )%     (4,720 )     (3.31 )%
Net income
   $ 17,349       9.99 %   $ 9,900       6.94 %

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