Condensed Income Statement

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(Expressed in Thousands Except Per Share Data)
Year 2008 2007
Item Mar.31 Jun.30 Sep.30 Dec.31  
Revenue 197,741,627       732,370,445
Cost of Sales 189,557,971       705,444,947
Gross Margin 8,183,656       26,925,498
Operating Expense 4,557,796       14,452,583
Operating Income 3,625,860       12,472,915
Non-operating Income 2,630,150       11,051,600
Non-operating Expense 931,265       1,467,747
IPre-tax Income 5,324,745       22,056,768
Income Tax 1,321,332       3,610,241
Net Income 4,003,413       18,446,527
EPS 1.16       5.33
The accompanying notes are an integral part of the financial statements.
(Expressed in Thousands Except Per Share Data)
Year 2007 2006
Item Mar.31 Jun.30 Sep.30 Dec.31  
Revenue 143,231,868 297,109,546 507,369,807 732,370,445 461,524,938
Cost of Sales 137,588,924 285,007,002 488,072,180 705,444,947 440,162,125
Gross Margin 5,642,944 12,102,544  19,297,627 26,925,498 21,362,813
Operating Expense 3,652,704 6,801,403 10,182,878 14,452,583 12,726,400
Operating Income 2,116,194 5,301,141 9,114,749 12,472,915 8,554,180
Non-operating Income 2,461,248 5,369,124 7,932,944 11,051,600 8,874,980
Non-operating Expense 333,696 886,568   1,051,529 1,467,747 1,933,047
IPre-tax Income 4,243,746 9,783,697 15,996,164 22,056,768 15,496,113
Income Tax 841,273 2,145,416 3,114,237 3,610,241 2,669,044
Net Income 3,402,473 7,638,281  12,881,927 18,446,527 12,905,963
EPS 1.02 2.28  3.72 5.33 3.86
The accompanying notes are an integral part of the financial statements.