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Key Financial Data
 
 
Summary Income Statement
Six Months Ended December 31
Fiscal Year Ended June 30
($ in millions)
2008

2007

2008

2007

Revenues
$15.9

$10.9

$22.6

$15.2

Gross Profit
$6.8

$4.3

$12.8

$8.6

Gross Margin
57%

60%

57%

57%

Operating Income
$7.4

$4.9

$9.3

$7.6

Operating Margin
47%

45%

41%

50%

Net Income
$6.2

$4.8

$7.8

$6.9

Pro Forma Net Income
 
$9.5*

$6.9

*Pro forma net income excluding 0.5 mil in liquidated damages,0.5 million in non-cash compensation expense and 0.7 million in one time fees associated with the Company¨s share exchange agreement in December, 2007




Balance Sheet Summary
   
($ in millions)
12/31/08
06/30/08
Cash and Equivalents
$15.1
$16.1
Total Current Assets
$27.7
$25.0
Total Assets
$53.4
$49.5
Total Current Liabilities
$9.3
$11.7
Total Shareholders' Equity
$23.5
$17.3
Total Liabilities and Shareholders' Equity
$53.4
$49.5

 

 
 
 
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Green Agriculture in Xian 3/F, Borough A, Block A,No.181, South Taibai Road, Xi'an, 710065, PRC. LEGALS