Sign In

Sunrise Real Estate Group Inc (OTC:SRRE)

Tuesday, May 22, 2012

Sunrise Real Estate Group, Inc.

Unaudited Condensed Consolidated Statements of Operations

(Expressed in US Dollars)

	Three Months Ended March 31,
	2012	2011
	(Unaudited)	(Unaudited)

Net Revenues	$1,719,535	$2,604,624

Cost of Revenues	($1,148,887)	($1,739,341)

Gross Profit	570,648	865,283

Operating Expenses	(284,220)	(338,904)

General and Administrative Expenses	(1,035,876)	(692,190)

Operating Profit/(Loss)	(749,448)	(165,811)

Other Income, Net (Note 19)	1,866,770	-

Interest Income	$3,398	$3,757

Interest Expenses	(491,451)	(198,407)

Profit/(Loss) Before Income Tax and Non-controlling Interest	629,269	(360,461)

Income Tax	(15,675)	(8,328)

Profit/(Loss) Before Non-controlling Interest	613,594	(368,789)

Return on Investment	(572,443)	-

Non-controlling Interest of Consolidated Subsidiaries	(1,098,382)	(123,514)

Net Profit/(Loss)	($1,057,231)	($492,303)

Profit/(Loss) Per Share – Basic and Fully Diluted	($0.04)	($0.02)

Weighted average common shares outstanding – Basic and Fully Diluted	28,691,925	23,691,925