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Tongjitang Reports Zero Net Operating Income for Q4

publication date: Mar 10, 2008

Tongjitang Chinese Medicines Company said that share-based compensation costs took its net operating income down to almost zero in the fourth quarter. Without special charges, which include share-based compensation and other public company-related charges, Tongjitang would have reported net operating income of 55.2 million RMB ($7.6 million), a 55% improvement over the 35.5 million RMB ($4.9 million) the company earned in Q4 of 2006. The disappointment came on the same day the company's CEO announced a $10.20 per ADS offer for the company.  More details...

Stock Symbol: (NYSE: TCM)



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