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Consolidated Statements of Operations and Other Comprehensive Income (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Operating revenues:
Net sales to third parties	$ 119,563	$ 243,814
Cost of sales	(101,716)	(214,456)
Gross income	17,847	29,358
Operating expenses:
Sales, marketing and distribution	(11,629)	(10,882)
General and administrative	(9,295)	(4,138)
Operating (loss) income	(3,077)	14,338
Other income, net	860	1,782
Impairment loss on property, plant and equipment	(2,857)	0
Loss on disposal of scrap inventories	(13,896)	(2,328)
Interest income	1,766	483
Interest expense	(8,812)	(3,359)
(Loss) Income before income taxes	(26,016)	10,916
Income taxes expense	(1,047)	(2,447)
(Loss) Income before extraordinary item	(27,063)	8,469
Extraordinary gain (less applicable income taxes of US$0)	13,117	2,605
Extraordinary loss (less applicable income taxes of US$0)	(1,848)	0
Net (loss) income including non-controlling interest	(15,794)	11,074
Less: Net loss (income) attributable to non-controlling interest	52	(8)
Net (loss) income attributable to CIEC common stockholders	(15,742)	11,066
Amounts attributable to CIEC common stockholders
(Loss) Income before extraordinary item	(27,011)	8,461
Extraordinary gain (less applicable income taxes of US$0)	13,117	2,605
Extraordinary loss (less applicable income taxes of US$0)	(1,848)	0
Net (loss) income attributable to CIEC common stockholders	(15,742)	11,066
Other comprehensive income
Foreign currency translation adjustment	1,465	1,437
Comprehensive (loss) income	$ (14,277)	$ 12,503
(Losses) Earnings per share
Weight average number of common stock outstanding - basic and diluted (in shares)	500,000,000	500,000,000
Net (loss) income per share of common stock outstanding before extraordinary item - basic and diluted (in dollars per share)	$ (0.05)	$ 0.02
Net (loss) income per share of common stock outstanding after extraordinary item - basic and diluted (in dollar per share)	$ (0.03)	$ 0.02

Description of the gains, after tax, arising from an event or transaction that is both unusual in nature and infrequent in occurrence when considered in relation to the environment in which the entity operates and which represents the portion assigned to noncontrolling interest, if any. This amount is the income statement amount which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest).

Chisen Electric Corp 10-K