Navigation Links
China-Biotics, Inc. Reports Third Quarter 2008 Financial Results
Date:2/13/2008

As of December 31, 2007, the Company had 27 retail outlets in operation, compared to nine stores during the year-ago period.

Operating income increased 24.1% to $5.7 million from $4.6 million a year ago. Operating margin was 48.1%, compared to 52.8% during the same quarter of fiscal 2007. During the quarter, the Company incurred a foreign currency conversion loss of $0.4 million, which was included in other expenses. The loss arose on the conversion of dollars into Renminbi for the capitalization of the Company's subsidiary. This is not expected to recur.

For the third quarter of fiscal 2008, net income was $4.0 million, or $0.23 per diluted share, an increase of 12.3% from $3.6 million, or $0.21 per diluted share, in the same period the prior year. Diluted earnings per share for fiscal 2008 include shares that may be issued on conversion of the $25 million in convertible notes issued in December 2007.

Nine-Month Results

Net sales for the first nine months of fiscal 2008 were $29.3 million, up 31.6% from sales of $22.2 million a year ago. Gross profit was $21.2 million, or 72.5% of sales, up 35.1% from $15.7 million, or 70.7% of sales, in the first nine months of fiscal 2007. Operating income was $13.4 million, or 45.9% of sales, up 21.4% from operating income of $11.1 million, or 49.8% of sales, in the same period of the prior year. For the first nine months of the 2008 fiscal year, net income was $9.6 million, or $0.55 per diluted share, up 18.5% from $8.1 million, or $0.47 per diluted share, in the same period of fiscal 2007. Diluted earnings per share for fiscal 2008 include shares that may be issued on conversion of the $25 million in convertible notes issued in December 2007.

Financial Condition

As of December 31, 2007, the Company had cash and cash equivalents of $59.1 million and working capital of $49.6 million. The increase in cash resulted from the private placement of $25 million of the Company's convertible not
'/>"/>

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

0

GOOD

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

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. EpiCept Reports Expansion of Clinical Development For Licensed Cancer Compound
8. QMed, Inc. Reports July Medicare SNP Enrollments
9. Phlo Affiliate Reports Expanded Coverage to Oregon Border
10. Healthcare Technologies Reports Loss for 2007 Second Quarter & Six Months Results
11. Dragon Pharmaceutical Reports Growth in Sales and Profits during Second Quarter of 2007
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/23/2013)... , May 23, 2013  Rahal Letterman Lanigan ... human cord blood stem cell banking and therapeutics, announced ... the No. 16 Acorn Stairlifts Indy car driven by ... the remainder of the IZOD IndyCar 2013 season.   ... will work to support awareness of umbilical cord blood ...
(Date:5/23/2013)... PI’s new LPS-24 positioners are ... mm travel range with closed-loop sensor resolution up ... these new positioners the ideal choice for high ... version is also available. , More Information: ... be found at: , http://www.physikinstrumente.com/en/products/prdetail.php?sortnr=1000745&prw-lps24 , ...
(Date:5/23/2013)... , May 23, 2013  Saddleback Memorial Medical ... recently became the first hospital on the West Coast ... This new surgical option provides women with a state-of-the-art, ... Marc Winter , M.D., a highly ... surgeon and medical director of minimally invasive surgery at ...
(Date:5/23/2013)... 2013 BioTrends Research Group, one of ... specialized biopharmaceutical issues, finds that, unaided, one in ... reported that in the past six months, they ... in anticipation of the next generation of HCV ... only 6 percent reported that they had begun ...
Breaking Biology Technology:StemCyte, Inc. Joins Rahal Letterman Lanigan Racing As Associate Sponsor Of No. 16 IndyCar Program For James Jakes Beginning With The 97th Indianapolis 500 2StemCyte, Inc. Joins Rahal Letterman Lanigan Racing As Associate Sponsor Of No. 16 IndyCar Program For James Jakes Beginning With The 97th Indianapolis 500 3Precision Positioning System Uses Miniaturezed Piezo Linear Motor: LPS-24 Linear Stage by PI 2Saddleback Memorial Surgeon First on the West Coast to Perform Single-Site Robotic Hysterectomy 2Saddleback Memorial Surgeon First on the West Coast to Perform Single-Site Robotic Hysterectomy 3The Majority of Physicians that Treat Hepatitis C Virus (HCV) Have Begun "Warehousing" and Preparing Their HCV Patients for the Next Generation of HCV Treatments 2The Majority of Physicians that Treat Hepatitis C Virus (HCV) Have Begun "Warehousing" and Preparing Their HCV Patients for the Next Generation of HCV Treatments 3
... Physicians and Researchers Specializing in Ear Diseases to ... Otonomy Inc. today introduced its scientific advisory ... in diseases and disorders of the ear. The ... Rick Friedman, M.D., Ph.D.; Jeffrey Harris, M.D., Ph.D.; ...
... care in January, the industry seems to have taken a deep breath and ... care job cuts that were announced were mostly due to the overall economic ... ... be irresponsible to say the worst is past for health care, it does ...
... their use of energy and materials, according to a ... major manufacturing processes. , Overall, new manufacturing systems are ... of energy, per pound of output, than more traditional ... up orders of magnitude more energy than making manhole ...
Cached Biology Technology:Otonomy Introduces Scientific Advisory Board 2Otonomy Introduces Scientific Advisory Board 3Otonomy Introduces Scientific Advisory Board 4Otonomy Introduces Scientific Advisory Board 5The MedZilla Report: Febraury 2009 Employment Outlook for Biotech/Pharma/Health 2The MedZilla Report: Febraury 2009 Employment Outlook for Biotech/Pharma/Health 3MIT: 'Alarming' use of energy in modern manufacturing methods 2MIT: 'Alarming' use of energy in modern manufacturing methods 3
(Date:5/23/2013)... to be the world,s most popular fruit, can be ... with purple GM varieties. , "Working with GM ... the addition of a specific compound, allows us to ... Professor Cathie Martin from the John Innes Centre. , ... better flavour, health and shelf life characteristics because even ...
(Date:5/23/2013)... discovering the new mechanism by which estrogen suppresses lipid ... a potential new approach toward treating certain liver diseases. ... colleagues believe they are changing long-held views in the ... of the journal Science Signaling . , "The ... has been that only receptors located in the nucleus ...
(Date:5/23/2013)... new report from the Institute of Medicine says schools ... least 60 minutes of vigorous or moderate intensity activity ... of American youth meet current evidence-based guidelines of at ... activity daily, according to the report, which was released ... nearly half of their waking hours, the committee recommends ...
Breaking Biology News(10 mins):The world's favorite fruit only better-tasting and longer-lasting 2UCI study reveals new mechanism for estrogen suppression of liver lipid synthesis 2Schools should provide students with daily physical activity, IOM recommends 2
... that could lead to new drugs that reduce the ... in the August 2010 issue of Journal of ... with the function of the cell membrane protein called ... relevant model of severe infection. "Clinical trials ...
... of institutions led by the Georgia Institute of Technology ... National Science Foundation and the National Aeronautics and Space ... better understanding of how life started on Earth. Researchers ... enable the spontaneous formation of functional polymers -- such ...
... amphibian populations because these animals are sensitive to changes ... the coal mine" to give researchers early warnings about ... North Carolina State University shows that data from the ... flaws that, if uncorrected, could result in overestimates of ...
Cached Biology News:Georgia Tech awarded a $20M Center for Chemical Innovation from NSF and NASA 2Georgia Tech awarded a $20M Center for Chemical Innovation from NSF and NASA 3'Ribbit Radio' shows frog population estimates are likely flawed 2
... O 2 S 2 Formula ... crystalline powder Assay: greater than or ... Melting Point: greater than or equal ... or equal to 1% Storage: ...
... Fluorescence Test Plate consists of an anodized ... Inert Organic Fluorescent Compounds embedded in polymerized ... on BioTeks FLx800 and Synergy Multi-Detection Readers. ... GLP compliance while reducing the need for ...
... The ICS-1500 system provides excellent ... dual-piston pumping, electrolytic suppression, and column ... instrument offers outstanding sensitivity and stability. ... quieter baselines for trace-level work. Operate ...
Anti-WT-1 Liquid. In 10 μM PBS, 0.2 % BSA, pH 7.6. Recognizes the ~47-55 kDa Wilm's tumor protein in Wilm's tumor tissue. ...
Biology Products: