Navigation Links
China Bio Energy Reports Fourth Quarter and Record 2008 Financial Results
Date:3/23/2009

ourth Quarter 2008 Financial Results

Sales - Sales for the fourth quarter of 2008 were $59.1 million compared to $22.3 million in the fourth quarter of 2007, an increase of 165%. The increase was mainly due to market demand in finished oil, strong growth in bio-diesel production and sales generated by the four recently leased gas stations. China Bio Energy also reports revenue in its three business segments, Distribution of Finished Oil, Bio-Diesel Production, and Retail Gas Stations:



    Fourth Quarter 2008 Revenue Breakdown
                                      Q4 2008         Q4 2007         CHANGE
    Distribution of Finished Oil   $36.7 million   $18.1 million       +103 %
    % of Sales                         62.3%           81.1%
    Bio-Diesel Production          $14.9 million    $4.2 million       +255 %
    % of Sales                         25.3%           18.9%
    Retail Gas Stations             $7.5 million        N/A             N/A
    % of Sales                         12.4%            N/A
    Total Sales                    $59.1 million   $22.3 million       +166 %

''We are very pleased with our progress during the fourth quarter,'' stated Mr. Gao Xincheng, Chief Executive Officer of China Bio Energy Holdings Group. ''The Company's bio-diesel sales increased 255% for the fourth quarter of 2008, compared to the fourth quarter of 2007. Despite declining oil prices in China and worldwide, we feel there are several fundamental factors that will continue to provide incremental and robust top-line growth for our Company. These include China's continuing demand for energy to accommodate future economic growth which will benefit from the stimulus plan and further domestic expansion, an increase of consumer automobiles in China, a shortage of domestic oil resources and dependence on foreign sources, in addition to government initiatives to increase the utilization rate for alternati
'/>"/>

SOURCE China Bio Energy Holdings Group
Copyright©2009 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

Related biology technology :

1. aTyr Pharma to Present at ChinaBio(R) Investor Forum in Hong Kong
2. Niusule Biotech Corp. Formally Establishes a New Venture to Import and Sell Health Foods in the Peoples Republic of China
3. China-Biotics, Inc. Appoints New Chief Financial Officer
4. China Medical Technologies Senior Management Purchased Company Shares
5. China Bio-Immunity Corporation - Rabies Vaccine Recall
6. China Medicine to Participate in 2009 Natural Products Expo West Trade Show
7. China Sky One Medical, Inc. Signs Exclusive Distribution Agreement with Shaanxi Buchang Group for Naftopidil Dispersible Tablets
8. Frontage Laboratories Continues to Grow Its China Business and Add Corporate Financial, Regulatory and Clinical Pharmacology Talent
9. Dow AgroSciences, China National Rice Research Institute Announce Collaboration on Rice Research
10. China Biologic Products High-Purity Human Albumin Research and Development Project to be Listed in the National Torch Plan
11. OriGene Technologies, Inc. Establishes High Throughput Monoclonal Antibody Production Outsourcing Center in China
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/16/2009)... Peptone. HSP A has been found to be effectinve in ... ... 16, 2009 -- Nu-Tek BioSciences, LLC. ( www.nu-tekproducts.com ) is meeting ... HSP-A, previously manufactured by Nutricepts, Inc. (Burnsville, Mn), is a high ... and yields. HSP-A has been found to be especially effective ...
(Date:12/15/2009)... -- Repligen Corporation (Nasdaq: RGEN ) today ... research funding to support the ongoing development of ... Dystrophy Association (MDA). This grant will support ... GMP manufacture of a drug candidate for human ... only provides important funding for Repligen,s research but ...
(Date:12/15/2009)... Va., Dec. 15 AstraZeneca (NYSE: ... of Virginia (UVa) in Charlottesville, today announced ... research collaboration to enhance development of new ... with a secondary focus on peripheral vascular ... ) ,, The collaborative preclinical research projects ...
(Date:12/15/2009)... 15 The Center for Business ... is pleased to announce the full agenda ... and Reporting Congress . The forum will ... March 16-17, 2010. ,, Over 1,500 senior-level ... attended this premier event since its inception, ...
Breaking Biology Technology:Repligen Receives Second Research Grant from the Muscular Dystrophy Association to Support Friedreich's Ataxia Preclinical Development Program 2Repligen Receives Second Research Grant from the Muscular Dystrophy Association to Support Friedreich's Ataxia Preclinical Development Program 3AstraZeneca and the University of Virginia Sign Strategic Research Collaboration to Develop Novel Treatments for Cardiovascular Disease 2AstraZeneca and the University of Virginia Sign Strategic Research Collaboration to Develop Novel Treatments for Cardiovascular Disease 3CBI Announces the Agenda for Their 6th Annual Pharmaceutical/Biotech Accounting and Reporting Congress 2
... Biosciences,Inc. (Nasdaq: RDEA ) today announced that its ... participate in the "In Search of the,Next HIV Treatment" ... on Wednesday, December 12, 2007 at 1:30 p.m. (ET) ... A live audio webcast of the,presentation and panel discussion ...
... heat: A new study reports that a laser can be ... forth between reflective and transparent states without heating or cooling ... have found where light can directly produce such a physical ... the most recent examples of coherent control, the use of ...
... Millennium to Develop Additional Products for the ... Dec. 6 Millennium,Biotechnologies Inc., wholly owned ... Board: MBTG) today announced that the initial,$200,000.00 ... to,Provider Services, Inc. (PSI) under the previously ...
Other Biology Technology:Ardea Biosciences to Participate in RBC Capital Markets 2007 Healthcare Conference 2Ardea Biosciences to Participate in RBC Capital Markets 2007 Healthcare Conference 3Ultrafast optical shutter is switched entirely by laser light 2Ultrafast optical shutter is switched entirely by laser light 3Millennium Ships and Records the First $200,000 of Revenue Generated From the Five-Year $20,000,000 Exclusive Purchase Order 2Millennium Ships and Records the First $200,000 of Revenue Generated From the Five-Year $20,000,000 Exclusive Purchase Order 3
(Date:12/16/2009)... IgeaCare Solutions Inc. is pleased to ... healthcare communications company previously operating as IgeaCare Systems ... move forward under new leadership and funding. ,, ... to the position of Chief Executive Officer. Under ... providing a superior servicing and support model; fast ...
(Date:12/16/2009)... 16 European Union (EU) member ... borders, which are increasingly subjected to unauthorised ... in advanced technology security and IT-based systems ... (Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO ) ,, New analysis ... Border Security Market Assessment - European ...
(Date:12/15/2009)... Springer has just signed an agreement with the British ... an affiliation with the journal Biogerontology for ... will appoint one member of the Biogerontology ... issue annually. Springer will sponsor the society and ... Biogerontology on www.springerlink.com . , Biogerontology ...
Breaking Biology News(10 mins):IgeaCare Solutions Inc. Emerges Under New Leadership and Funding 2Increased Spending on the EU's External Borders to Drive the Border Security Market, Says Frost & Sullivan 2Increased Spending on the EU's External Borders to Drive the Border Security Market, Says Frost & Sullivan 3No major role for fish in the prevention of heart failure 58482 1No major role for fish in the prevention of heart failure 58482 2No major role for fish in the prevention of heart failure 58482 3Combining sun sand and science in the Bahamas 10172 1Combining sun sand and science in the Bahamas 10172 2Combining sun sand and science in the Bahamas 10172 3Spallation Neutron Source first of its kind to reach megawatt power 10168 1Spallation Neutron Source first of its kind to reach megawatt power 10168 2
... tumor removal at breast cancer excision is introduced in ... waves in a newly explored region of the electromagnetic ... if the removed tissue margins were clear of cancer, ... eliminate the need for multiple surgeries and tissue samples ...
... study, to be published in a forthcoming issue of ... that could be obtained from further progress against major ... University of Chicago researchers, estimate that even modest advancements ... 1 percent reduction in mortality from cancer has a ...
... scientists has discovered that cannabinoids can cause some white blood ... of infection and inflammation. These findings, which appear in ... could have potential use in the development of novel anti-inflammatory ... include marijuana. These compounds bind to and activate the ...
Other Biology News:Terahertz imaging may reduce breast cancer surgeries 2
Goat polyclonal to FBXO2 ( Abpromise for all tested applications). entrezGeneID: 26232 SwissProtID: Q9UK22...
Mouse monoclonal to Factor V Heavy Chain Immunogen: Purified human Factor V. Specificity: This antibody reacts with the activation C peptide (mw ~150,000) in the heavy chain of thrombin-cleave...
Mouse monoclonal [15-2] to Mannose Receptor (Biotin) ( Abpromise for all tested applications). entrezGeneID: 4360 SwissProtID: P22897...
SAPK/JNK Antibody...
Biology Products: