Air T Inc (AIRT)

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Income statement AIRT

PERIOD ENDING	31-Mar-08	31-Dec-07	30-Sep-07	30-Jun-07 
 Total Revenue	24,042  	21,149  	17,412  	15,796   
 Cost of Revenue	19,250  	16,891  	14,192  	12,368   
 Gross Profit	4,792  	4,258  	3,220  	3,428   
 	Operating Expenses 
 	Research Development	-  	-  	-  	-   
 	Selling General and Administrative	2,879  	2,710  	2,246  	2,337   
 	Non Recurring	-  	-  	-  	-   
 	Others	108  	115  	125  	124   
 	 
 	Total Operating Expenses	-  	-  	-  	-   
 Operating Income or Loss	1,805  	1,433  	848  	968   
 	Income from Continuing Operations 
 	Total Other Income/Expenses Net	139  	41  	51  	63   
 	Earnings Before Interest And Taxes	1,944  	1,474  	899  	1,031   
 	Interest Expense	20  	30  	64  	57   
 	Income Before Tax	1,924  	1,444  	835  	973   
 	Income Tax Expense	606  	524  	297  	347   
 	Minority Interest	-  	-  	-  	-   
 	 
 	Net Income From Continuing Ops	1,318  	920  	538  	626   
 	Non-recurring Events 
 	Discontinued Operations	-  	-  	-  	-   
 	Extraordinary Items	-  	-  	-  	-   
 	Effect Of Accounting Changes	-  	-  	-  	-   
 	Other Items	-  	-  	-  	-   
 Net Income	1,318  	920  	538  	626   
 Preferred Stock And Other Adjustments	-  	-  	-  	-   
 Net Income Applicable To Common Shares	$1,318  	$920  	$538  	$626