I think that's reasonable... I was looking at the numbers and thinking... they've given an estimate for 2010 and 2011 - how about 2009 because it didn't make sense given the growth :-)
If you look at "NOTE 11 - TAXES" in the filing they say that they have a tax holiday that ends this financial year... they then go about throwing lots of tax % left right and center... so I'm not sure what they are going to pay! Could be 25% could be 50% of 25% - if you think 15% who am I to say - similar problems working out what's happening at YONG.
I'll have another go. What I lose in talent I make up in application. :-) So, your using a share count of 4 million ish? You'd expect that EPS should be closer to EBITA Per Share?
The ratio between 2010 & 2011 seems similar?
So 2010 Rev 71 Million Net Income 16 Million EPS 4.16 EBIDTA 31 million EBITA Per share 7.8 EBITA / EPS = 1.9
2011 Rev 103 Million Net Income 28 Million EPS 6.15 EBIDTA 51 Million EBITA Per share 12.7 EBITA / EPS = 2.1