Soko Fitness & Spa (fka SOKF)

[10 bagger]

SKOF.. $3.55

$7.00 sooner than I thought.. hank

Basic and Diluted Income per common share
Basic $ 0.33 $ 0.18 $ 0.19 $ 0.10
Diluted $ 0.31 $ 0.18 $ 0.17 $ 0.10


SOKO FITNESS & SPA GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(IN US DOLLARS)
(UNAUDITED)


FOR THE SIX MONTHS ENDED FOR THE THREE MONTHS ENDED
NOVEMBER 30, NOVEMBER 30,
2009 2008 2009 2008
(RESTATED) (RESTATED)

Net Sales $ 13,843,683 $ 8,885,158 $ 7,413,179 $ 4,608,291

Cost of Sales (4,451,744 ) (3,015,436 ) (2,262,805 ) (1,590,281 )

Gross Profit 9,391,939 5,869,722 5,150,374 3,018,010

Selling, General and Administrative Expenses: 3,899,759 2,576,336 2,001,385 1,234,151

Operating Income 5,492,180 3,293,386 3,148,989 1,783,859

Other Income and Expenses
Interest expenses (31,564 ) (106,632 ) 961 (56,624 )
Other income 33,298 2,606 17,776 191
Other expenses (3,934 ) (165,721 ) (3,463 ) (96,380 )
Total Other Income and (Expense) (2,200 ) (269,747 ) 15,274 (152,813 )

Income Before Income Taxes 5,489,980 3,023,639 3,164,265 1,631,046

Provision for Income Taxes 47,904 51,437 24,024 26,305

Net Income 5,442,076 2,972,202 3,140,240 1,604,741
Less: net income (loss) attributable to the noncontrolling interest (162,151 ) (147,544 ) (36,384 ) (71,664 )

Net Income Attributable to SOKO Fitness & Spa Group, Inc. $ 5,604,227 $ 3,119,746 $ 3,176,623 $ 1,676,405

Other Comprehensive Income
Foreign currency translation adjustment 4,695 260,748 25,977 17,788

Comprehensive Income $ 5,608,922 $ 3,380,494 $ 3,202,600 $ 1,694,193

Basic and Diluted Income per common share
Basic $ 0.33 $ 0.18 $ 0.19 $ 0.10
Diluted $ 0.31 $ 0.18 $ 0.17 $ 0.10

Weighted average common share outstanding
Basic 17,000,000 17,000,000 17,000,000 17,000,000
Diluted 18,168,443 17,000,000 18,168,443 17,000,000