, March 30, 2011 /PRNewswire via COMTEX News Network/ --
Tibet Pharmaceuticals, Inc. (Nasdaq:TBET), an emerging specialty pharmaceutical company engaged in the development, manufacturing and marketing of traditional Tibetan medicine in China, today reported record financial results for its fiscal year ended December 31, 2010.
Summary of Fiscal Year Ended December 31, 2010 Financial Results:
Revenue of $32.4 million, an increase of 41% from $23.0 million in 2009
Gross profit of $16.2 million, an increase of 38% from $11.7 million in 2009
Net income of $13.1 million, an increase of 42% from $9.2 million in 2009
Fully diluted EPS of $1.11 for fiscal 2010, exceeding all prior results