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 Tracking 1027 U.S. listed China Stocks and Counting...
 Tracking 1320 U.S. Stocks and Counting...

 Sinocoking Coal & Coke (NASDAQ:SCOK)

Thursday, February 9, 2012
Comments & Business Outlook

 

    For the Three Months Ended December 31,     For the Six Months Ended December 31,  
    2011     2010     2011     2010  
                         
REVENUE   $ 17,297,333     $ 16,745,332     $ 39,448,667     $ 29,753,794  
                                 
COST OF REVENUE     14,008,015       9,634,955       28,955,472       17,999,064  
                                 
GROSS PROFIT     3,289,318       7,110,377       10,493,195       11,754,730  
                                 
OPERATING EXPENSES:                                
Selling     43,324       71,447       124,867       155,914  
General and administrative     906,367       736,493       1,333,786       1,671,640  
Total operating expenses     949,691       807,940       1,458,653       1,827,554  
                                 
INCOME FROM OPERATIONS     2,339,627       6,302,437       9,034,542       9,927,176  
                                 
OTHER INCOME (EXPENSE)                                
Interest income     218,749       943       777,300       8,030  
Interest expense     (315,463 )     (230,937 )     (731,022 )     (273,532 )
Other finance expense     (37,767 )     (283,112 )     (73,433 )     (304,554 )
Other income (expense), net     8,492       (52,689 )     (9,089 )     (109,387 )
Change in fair value of warrants     1,343,214       (11,447,532 )     4,362,936       1,472,143  
Total other income (loss)     1,217,225       (12,013,327 )     4,326,692       792,700  
                                 
INCOME (LOSS) BEFORE INCOME TAXES     3,556,852       (5,710,890 )     13,361,234       10,719,876  
                                 
PROVISION FOR INCOME TAXES     911,148       1,278,833       2,406,817       2,227,601  
                                 
NET INCOME (LOSS)     2,645,704       (6,989,723 )     10,954,417       8,492,275