Navigation Links
China-Biotics, Inc. Reports Second Quarter 2009 Financial Results
Date:11/11/2008

rease was primarily related to $0.3 million of additional research costs to develop and launch new products and staff and administrative costs incurred in connection with the construction of the new manufacturing facility. As of September 30, 2008, the Company had 339 employees and operated 110 Shining- branded retail outlets, up from 266 employees and 22 Shining outlets on September 30, 2007.

Operating expenses during the quarter were $4.3 million, or 37.0% of sales, compared to $2.6 million, or 33.9% of sales, a year ago.

Operating income for the quarter was $3.8 million, compared to $3.0 million a year ago.

Other income of $2.0 million in the second quarter of 2009 consisted of a $1.9 million book gain related to the change in the fair value of the $25 million convertible notes issued in December 2007.

Net income for the second quarter was $4.5 million. Excluding the $1.9 million gain on the revaluation of the convertible notes, net income was $2.6 million, up 30.4% from $2.0 million during the same quarter a year ago.

Diluted earnings per share were $0.13, calculated on a weighted average basis, compared with $0.11 per diluted share in the second quarter of fiscal 2008. The calculation of diluted earnings per share for the second quarter of 2009 assumes full conversion of the convertible notes and thus excludes the gain from the change in fair value of the notes.

Six Month Results

Net sales for the first six months of fiscal 2009 were $22.9 million, up 31.9% from $17.3 million in the same period the prior year. Gross profit was $16.1 million, or 70.6% of sales, up 29.4% from gross profit of $12.5 million, or 72.0% of sales, in the first half of fiscal 2008. Operating income was $8.1 million, or 35.4% of sales, up 5.1% from operating income of $7.7 million, or 44.4% of sales, the prior year. Net income for the first six months of fiscal 2009 was $7.7 million, or $0.37 per diluted share, up from $5.5 million, or $0.
'/>"/>

SOURCE China-Biotics, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12

Related biology technology :

1. China-Biotics, Inc. Signs Intention Agreement to Supply Probiotics to Bright Dairy & Food Co., Ltd.
2. China-Biotics, Inc. Launches Shining Probiotics Protein Powder
3. China-Biotics, Inc. Receives Approval to Begin Construction on Large-Scale Manufacturing Facility
4. China-Biotics, Inc. Announces Conference Call to Discuss First Quarter FY 2008 Results
5. China-Biotics, Inc. Launches English / Chinese Corporate and Investor Relations Web Site
6. China-Biotics, Inc. Announces Rescheduling of Conference Call to Discuss Third Quarter 2008 Results
7. China-Biotics, Inc. Reports Third Quarter 2008 Financial Results
8. China-Biotics, Inc. Completes Foundation for Its New Plant
9. China-Biotics, Inc. to Present at Two Upcoming Investor Conferences
10. China-Biotics, Inc. to Supply Probiotics to Pharmaceutical Company
11. China-Biotics, Inc. Announces Conference Call to Discuss Fourth Quarter and Full Year 2008 Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/15/2014)... 14, 2014 As part of ... significant investments in its network and logistics capabilities ... chain and the complex requirements of the industry. ... on customized logistics and transportation, and includes opening ... facilities. There will be an emphasis on Customer ...
(Date:11/15/2014)... Denver, Colorado (PRWEB) November 14, 2014 ... leading provider of proprietary, cloud-based analytics, and scientific ... results for the third quarter ended September 30, ... Quarter 2014 Highlights, ,     CannLabs – ... in Las Vegas, Nevada. ,     CannLabs – ...
(Date:11/15/2014)... Omnia Education , the leading ... announced the launch of a nationwide educational series on ... pain is the most common breast symptom for which ... report mild breast pain while evidence shows more than ... Along with breast pain and tenderness, FBC may also ...
(Date:11/15/2014)... Biofuels will present at CleanEquity Monaco 2015 on March 5th ... . Logo - http://photos.prnewswire.com/prnh/20141114/158674LOGO ... by Innovator Capital, the London based ... Prince Albert II of Monaco,s ... Monte-Carlo SBM, Oceanographic Museum of Monaco , ...
Breaking Biology Technology:QuickSTAT Announces Global Expansion Plan to Enhance Its Global Network and Cold Chain Logistics Capabilities for Life Sciences 2CannLabs Announces Third Quarter 2014 Results. 2CannLabs Announces Third Quarter 2014 Results. 3CannLabs Announces Third Quarter 2014 Results. 4CannLabs Announces Third Quarter 2014 Results. 5Omnia Education Launches Nationwide Educational Series on Breast Pain and Fibrocystic Breast Changes Affecting Half of all Women 2Omnia Education Launches Nationwide Educational Series on Breast Pain and Fibrocystic Breast Changes Affecting Half of all Women 3Algenol Biofuels Selected to Present at CleanEquity Monaco 2015 2
... Third Wave Technologies has settled with a ... Third Wave will license hepatitis C virus genotyping technology ... companies' relationship goes back further. In Aril 2004 Third ... exclusive distributor of its proprietary Invader line of products ...
... may have just graduated last year, but Anand Chhatpar is ... of his brainstorming service that sells the ideas of university ... Trip , a seven-day tour, will take attendees to both ... time to sample local culture. Participants are coming from around ...
... Wis. Quad Graphics, a printer of magazines, ... merged several software tools for clients into a new ... led by Steve Jaeger, who also serves as Quad ... Graphics business unit, QuadSystems is backed by the capabilities ...
Cached Biology Technology:Brainstorming entrepreneur creates new innovation business 2Brainstorming entrepreneur creates new innovation business 3
(Date:11/4/2014)... CITY, Nov. 5, 2014 – University of Utah engineers ... to help jet fuel produce electricity without needing to ... used to power portable electronics, off-grid power and sensors. ... today in the American Chemical Society journal ACS ... through a chemical reaction between a fuel and an ...
(Date:11/4/2014)... – Temple University School of Medicine announced today ... an initiative funded by the Bill & Melinda ... of Obstetrics, Gynecology and Reproductive Sciences; and Vice ... University School of Medicine will pursue an innovative ... Blood Biomarkers to Assess Fetal Neurodevelopment.", Grand Challenges ...
(Date:11/4/2014)... published research study examining only marketing directed at ... food restaurants has found that the majority of ... to such marketing tactics. , Authored by Arizona ... the study is the first to examine the ... exterior of fast food restaurants and its relationship ...
Breaking Biology News(10 mins):Jet-fueled electricity at room temperature 2Temple University School of Medicine receives Grand Challenges Explorations grant 2Fast food marketing for children disproportionately affects certain communities 2Fast food marketing for children disproportionately affects certain communities 3
... Darrel Jenerette, a landscape ecologist at UC Riverside, is ... will be investigating human vulnerability to deadly heat exposure. ... heat island" a metropolitan area that is much warmer ... risks, as well as how human decisions lead to this ...
... to the toxic chemicals, such as methylmercury can cause ... of the epidemiological evidence in the International Journal ... take a precautionary approach to this and similar compounds ... Philippe Grandjean of the Department of Environmental Health at ...
... for a long time that the plant hormone auxin is ... and that the local concentration of auxin is important for ... sprouting of shoots. To name a few things; auxin is ... clinging of climbers and a series of other processes. Thousands ...
Cached Biology News:UC Riverside scientist to explore how vegetation affects urban heat islands 2Methylmercury warning 2Scientists unveil mechanism for 'up and down' in plants 2
... Guava EasyCyte system is the first and ... built-in 96-well microplate sampling (with tube options). ... and compounds quickly and easily, without the ... the carryover issues found with other detachable ...
... sequencing and finishing services are tailored ... perform large-scale 5' screening or full ... considerable experience with large-scale genome projects ... an ideal cDNA outsourcing solution. In ...
Shotgun library construction and high-throughput DNA sequencing of microbial genomes, BACs, adenoviruses, phosmids and cosmids. LIMS tracking utilizing Geospiza's Finch system....
... XAB2 (amino terminus) XAB2 (XPA-binding protein ... with XPA. Immunoprecipitation experiments have also demonstrated ... the transcription-coupled repair-specific proteins CSA and CSB ... Microinjection experiments with XAB2 antibodies resulted in ...
Biology Products: