Tanke Biosciences Corporation reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2012. For the third quarter ended September 30, 2012, the company generated net sales of $9,906,581, a 59% increase over revenue of $6,247,833 for the third quarter of 2011. Tanke's third quarter 2012 operating income was $2,182,489, an 81% increase over operating income of $1,203,796 for same period last year. The company achieved third quarter 2012 net income of $968,632 or $0.07 per share compared to a net loss of $1,445,871 or $0.11 per share for the third quarter of 2011. The company continues to generate very strong year-over-year revenue growth as a result of increasing demand for its natural and safe feed additives. In particular, third quarter sales of its organic trace mineral additives increased 81% over the same period last year. Income before income taxes was $1,191,145 against a loss of $1,260,674 a year ago.

For the nine months ended September 30, 2012, the company generated net sales of $21,878,509, a 27% increase over revenue of $17,179,146 for the first nine months of 2011. Tanke's operating income for the nine months ended September 30, 2012 was $4,168,346 compared to operating income of $718,413 for the same period last year. Net income for the nine months ended September 30, 2012 was $570,069 or $0.04 per share compared to a net loss of $5,124,341 or $0.40 per share for the same period last year. Income before income taxes was $1,222,780 against a loss of $4,618,836 a year ago.