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American Oriental Bioengineering Reports Third Quarter 2007 Financial Results
Date:11/5/2007

- Revenue Increased 61% Compared to 3Q06 to $43.5 Million in 3Q07 - - 3Q07 Net Income Increased 58% Compared to 3Q06 to $11.9 Million, or $0.16

per Diluted Share -

- Company Provides Financial Outlook for 2007 and 2008 -

NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- American Oriental Bioengineering, Inc. (NYSE: AOB), a leading manufacturer and distributor of plant-based pharmaceutical and nutraceutical products, today announced financial results for the third quarter of 2007.

Revenue for the third quarter of 2007 increased 60.7% to $43.5 million from $27.1 million in the third quarter of 2006. Revenue from PBP products increased 78.4% to $35.5 million from $19.9 million in the prior year's third quarter, driven primarily by the Jinji products series, including the Company's Yi Mu Cao product, and by strong revenue growth from prescription products, including Shuanghuanlian and the Cease Enuresis Gel. Within the PBP product category, prescription product revenue increased 43.7% to $15.6 million compared to $10.9 million in the prior year period. OTC product revenue increased 120.4% to $19.8 million from $9.0 million in the prior year period. Revenue from PBN products increased 11.7% to $8.0 million from $7.2 million in the third quarter of 2006, due to increased demand for the Company's soy peptide series of products.

Gross profit in the third quarter of 2007 increased 73.3% to $30.7 million from $17.7 million in the third quarter of 2006. Gross profit margin increased 510 basis points to 70.5% from 65.4% in the prior year's period. The increase in gross profit was a result of increased sales of OTC products, which carry higher margins, and improved operating eff
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SOURCE American Oriental Bioengineering, Inc.
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