EARNINGS PER SHARE (Tables)

9 Months Ended

Jul. 31, 2012

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Reconciliation [Table Text Block]

The following reconciles the components of the EPS computation for the three months ended July 31, 2012 and 2011:

	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	US$				US$
For the three months ended July 31, 2012:
Net income		3,255,538
Basic EPS income available to common shareholders		3,255,538		37,239,536		0.09
Effect of dilutive securities:
Share Options		-		-		-
Share Warrants		-		-		-
Diluted EPS income available to common shareholders		3,255,538		37,239,536		0.09
For the three months ended July 31, 2011:
Net income		2,519,845
Basic EPS income available to common shareholders		2,519,845		37,239,536		0.07
Effect of dilutive securities:
Share Options				-
Share Warrants		-		234,375		-
Diluted EPS income available to common shareholders		2,519,845		37,473,911		0.07

The following reconciles the components of the EPS computation for the nine months ended July 31, 2012 and 2011:

	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	US$				US$
For the nine months ended July 31, 2012:
Net income		23,412,891
Basic EPS income available to common shareholders		23,412,891		37,239,536		0.63
Effect of dilutive securities:
Share Options				-
Share Warrants		-		-		-
Diluted EPS income available to common shareholders		23,412,891		37,239,536		0.63
For the nine months ended July 31, 2011:
Net income		20,549,196
Basic EPS income available to common shareholders		20,549,196		37,239,536		0.55
Effect of dilutive securities:
Share Options				-
Share Warrants		-		510,051		-
Diluted EPS income available to common shareholders		20,549,196		37,749,587		0.54