China Modern Agricultural Information, Inc. reported earnings results for the first half of fiscal 2012. For the period, the company reported revenue of $10.1 million. The company generated net income of $9.48 million during the first two quarters of fiscal year 2012, an increase of $5.78 million or 157% compared to the same period of last year. The earnings per share increased from $0.10 to $0.22, an increase of 120%, and generate $12 million in revenue and $4 million in net income for the fiscal year 2012. The company provided earnings guidance for the third quarter and first nine months ended March 31, 2012. For the third quarter of fiscal 2012, the company projected revenue to be approximately $9.4 million, an increase of $3.3 million or 54% compared to the same period of last year. The net profit is projected to be about $4.3 million, an increase of $2.2 million or 101% year over year. The gross profit margin is projected to increase from 50% to about 64%. The main reason for this growth in gross profit is the acquisition of Yulong Cattle Industry Co. Ltd. and higher sales price of raw milk. For the first nine months ended March 31, 2012, the company projected revenue to be about $19.5 million, an increase of $2.3 million or 14%, compared to the same period of last year. The projected net profit is $13.8 million or $0.31 per basic and diluted earnings per share, an increase of about $8.6 million or 163%, compared to the same period of last year. The projected net profit margin will increase to 70% from 31%, and the earnings per share is projected to increase from $0.13 to about $0.31, an increase of 136% year over year.