v2.4.0.8

Condensed Consolidated Statements of Income and Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Sales revenue	$ 36,586,024	$ 33,960,445	$ 94,303,929	$ 90,819,430
Cost of sales	(22,108,234)	(19,416,494)	(61,891,162)	(57,958,421)
Gross profit	14,477,790	14,543,951	32,412,767	32,861,009
Operating expenses
Administrative expenses	885,924	890,279	3,315,581	3,045,769
Selling expenses	319,352	216,264	1,096,445	1,171,150
Total Operating Expenses	1,205,276	1,106,543	4,412,026	4,216,919
Income from operations	13,272,514	13,437,408	28,000,741	28,644,090
Government grant income	164,835	276,325	268,040	462,832
Other income (loss), net	3,142	(73,529)	44,387	164,264
Gain on disposal of interests in subsidiaries	467,450	0	467,450	0
Net finance costs	(322,225)	(281,493)	(1,157,015)	(1,002,026)
Income before income taxes and noncontrolling interest	13,585,716	13,358,711	27,623,603	28,269,160
Income taxes	(135,862)	(127,194)	(415,109)	(396,319)
Net income before noncontrolling interest	13,449,854	13,231,517	27,208,494	27,872,841
Net loss attributable to noncontrolling interest	1,111	0	23,118	0
Net income attributable to Company's common stockholders	13,450,965	13,231,517	27,231,612	27,872,841
Net income before noncontrolling interest	13,449,854	13,231,517	27,208,494	27,872,841
Other comprehensive income (loss)
Foreign currency translation adjustments	938,671	(444,152)	3,933,873	385,358
Total comprehensive income	14,388,525	12,787,365	31,142,367	28,258,199
Comprehensive (income) loss attributable to noncontrolling interest	(252)	0	17,357	0
Total comprehensive income attributable to Company's common stockholders	$ 14,388,273	$ 12,787,365	$ 31,159,724	$ 28,258,199
Earnings per share: basic and diluted attributable to Company's common stockholders	$ 0.37	$ 0.36	$ 0.74	$ 0.76
Weighted average number of shares outstanding: basic and diluted	36,823,626	36,823,626	36,823,626	36,823,626

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

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Asia Green Agriculture Corp 10-Q