Jiangbo Pharmaceuticals, Inc.(fka JGBO)

[996]

Here are the numbers, right on track on the first glance.

GROSS PROFIT. Gross profit was $47.6 million for the six months ended December 31, 2008 as compared to $31.8 million for the six months ended December 31, 2007, representing gross margins of approximately 78.7 % and 73.6%, respectively. Gross profit was $25.8 million for the three months ended December 31, 2008 as compared to $19.7 million for the three months ended December 31, 2007, representing gross margins of approximately 78.3% and 74.3%, respectively. The increase in our gross profits was mainly due to the higher volume of sales with higher margin products and decrease in raw material prices.

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