Navigation Links
Huifeng Bio-Pharmaceutical (HFGB) Reports over $5 Million in Gross Sales; Record Results for the First Half of 2008
Date:8/14/2008

XI'AN, China, Aug. 14 /Xinhua-PRNewswire-FirstCall/ -- Huifeng Bio- Pharmaceutical Technology, Inc (OTC Bulletin Board: HFGB), a leading developer and producer of plant extracts and pharmaceutical raw materials for use in pharmaceutical, nutraceutical and food production, is pleased to announce record sales and earnings for the three and six month periods ended June 30, 2008.

"In the first half of 2008, sales of our products increased substantially. Revenue received in the past six months total over $5 Million, thus representing an increase of 78 percent versus the same period in 2007," stated Jing' An Wang, CEO, Huifeng. "As such, our Gross Profit increased 88 percent to $1,839,127."

According to Mr. Wang, these figures represent record levels for HFGB. Mr. Wang further stated that Net Income was strong at four cents per share, despite being negatively impacted by expenses related to the company's recent financing activity.

"Our company continues to execute according to our strategic growth plan and there is no change to our earnings guidance of $4 million in net income for 2008," said Mr. Wang.

Gross margins for Huifeng remained strong at 34%, slightly higher than last year's 32%. Strength in the Company's main product lines of Rutin, Diosmin, and L-Rhamnose drove sales.

In Q2 2008 alone, total sales were in excess of $2.7 Million, thus representing a 10 percent sequential increase over the first quarter and a record for any quarter in company history.

Year to date, Huifeng has achieved many significant milestones:

-- Gross sales of over $5 Million; the most in any six month period of the

company's history;

-- Completed preparation for COS application and approval, including

reconfiguring of production lines and successful consultant review;

-- Boosting of Diosmin inventory ahead of deliveries to Safic-Alcan

anticipated to begin commencing in Q3 2008;

-- Sign
'/>"/>

SOURCE Huifeng Bio-Pharmaceutical Technology, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related biology technology :

1. Huifeng Bio-Pharmaceutical (HFGB) Announces 2007 Full Year Results
2. Huifeng Bio-Pharmaceutical (HFGB) to Release First Quarter 2008 Earnings Results on May 15, 2008
3. Huifeng Bio-Pharmaceutical (HFGB) Announces No Earthquake Related Damage to Facilities
4. Huifeng Bio-Pharmaceutical (HFGB) Provides Update on Current Business and COS Certification
5. Huifeng Bio-Pharmaceutical (HFGB) Information to Be Available Through Standard & Poors Market Access Program
6. Huifeng Bio-pharmaceutical Technology Inc. Announces Strategic Alliance with Premier Media Service Inc.
7. Huifeng Bio-Pharmaceutical (HFGB) Provides Update on COS Application Status
8. Huifeng Bio-Pharmaceutical (HFGB) to Release Second Quarter 2008 Earnings Results on August 15, 2008
9. Huifeng Bio-Pharmaceutical (HFGB) Announces USD $1.1 Million Supply Agreement with DNP International Co. Inc.
10. Skystar Bio-Pharmaceutical Announces Second Quarter 2007 Results
11. Skystar Bio-Pharmaceutical Raises 2007 Revenue Guidance to $15.8 Million
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/17/2014)... received a $451,781 Air Force Office of Scientific Research ... and nano-scale level that will provide clues for predicting ... and Aerospace Engineering, said the new technology and process ... of an aircraft,s wing., "We,ll be able to determine ... at it on this scale," Huang said. "Certain patterns ...
(Date:10/17/2014)... Germany , October 17, 2014 ... Translational research in cancer and other diseases will ... American Society of Human Genetics annual meeting   ... to Ingenuity ®  Knowledge Base greatly exceeds any ... Ingenuity ®  Variant Analysis™ adds fully integrated ...
(Date:10/17/2014)... (PRWEB) October 17, 2014 Bioquell, ... called upon by health facilities around the world ... are being treated. Among the many places the ... Texas Health Presbyterian Hospital Dallas and at the ... state-of-the-art vapor-producing robots have been utilized to decontaminate ...
(Date:10/17/2014)... 2014 The global SWIR market report ... and forecast of revenue. This market is valued at ... $97.9 million by 2019, at a CAGR of 10.2% ... of the global SWIR market report, to get an ... a glimpse of the segmentation of the market, and ...
Breaking Biology Technology:UT Arlington project to detect possible damages in aircraft parts early in process 2QIAGEN Demonstrates Expanded Bioinformatics Workflows at ASHG; Strong Market Adoption as Researchers Analyze Genomic Data on More Than a Quarter-Million Samples in Secure Private Cloud 2QIAGEN Demonstrates Expanded Bioinformatics Workflows at ASHG; Strong Market Adoption as Researchers Analyze Genomic Data on More Than a Quarter-Million Samples in Secure Private Cloud 3QIAGEN Demonstrates Expanded Bioinformatics Workflows at ASHG; Strong Market Adoption as Researchers Analyze Genomic Data on More Than a Quarter-Million Samples in Secure Private Cloud 4QIAGEN Demonstrates Expanded Bioinformatics Workflows at ASHG; Strong Market Adoption as Researchers Analyze Genomic Data on More Than a Quarter-Million Samples in Secure Private Cloud 5QIAGEN Demonstrates Expanded Bioinformatics Workflows at ASHG; Strong Market Adoption as Researchers Analyze Genomic Data on More Than a Quarter-Million Samples in Secure Private Cloud 6Bioquell’s Vapor Producing Robots Selected to Combat Ebola in Hospitals Around the World 2Bioquell’s Vapor Producing Robots Selected to Combat Ebola in Hospitals Around the World 3Bioquell’s Vapor Producing Robots Selected to Combat Ebola in Hospitals Around the World 4Bioquell’s Vapor Producing Robots Selected to Combat Ebola in Hospitals Around the World 5Bioquell’s Vapor Producing Robots Selected to Combat Ebola in Hospitals Around the World 6The global SWIR market is expected to reach $97.9 million by 2019 - New Report by MicroMarket Monitor 2The global SWIR market is expected to reach $97.9 million by 2019 - New Report by MicroMarket Monitor 3
... Stock Market, OAKLAND, Calif., April 3, 2008 ... (WorldHeart or Corporation) announced,today that its recently filed ... 2007 contained a going concern qualification received,from its ... Mayer,LLP. This announcement is being made to comply ...
... Long Term Development Agreement to Produce Reference Standard Reagents to ... ... 3, 2008 Strategic,Diagnostics Inc. (Nasdaq: SDIX ) -- ... life sciences industry announced that it has,been selected by Science ...
... Conditions to the Tender Offer Have Been Satisfied, ... Ltd. (TASE: CII) announced today that all of the ... purchase,up to 2,338,686 ordinary shares of Fundtech Ltd. (Nasdaq: ... the seller in cash, less any required,withholding taxes and ...
Cached Biology Technology:WorldHeart 10-KSB Audit Report Includes 'Going Concern' Qualification 2Strategic Diagnostics Inc. Selected as Key Supplier to SAIC-F and the National Cancer Institute for the Development of a Comprehensive Portfolio of Antibodies for Use in Cancer Research 2Strategic Diagnostics Inc. Selected as Key Supplier to SAIC-F and the National Cancer Institute for the Development of a Comprehensive Portfolio of Antibodies for Use in Cancer Research 3Clal Industries Commences Additional Offer Period for Fundtech Tender Offer 2Clal Industries Commences Additional Offer Period for Fundtech Tender Offer 3
(Date:10/17/2014)... in German . ... day in order to reproduce? And why are there two ... the latest issue of the research journal Molecular Human ... Steven Ramm from Bielefeld University Bielefeld has compiled this special ... for a female to copulate with several males in quick ...
(Date:10/16/2014)... the human body. Battles are won, lost or ... this stalemate—known as tumor dormancy—can last up to ... that is poorly understood. , A new ... Torquato, a Professor of Chemistry at Princeton University, ... and the switch to a malignant state. Published ...
(Date:10/16/2014)... thinking on how the bowel lining develops and, in ... cancer starts. , The researchers produced evidence that stem ... that are a feature of the bowel lining, and ... development, a controversial finding as scientists are still divided ... technologies, Dr Chin Wee Tan and Professor Tony Burgess ...
Breaking Biology News(10 mins):Sperm wars 2Modeling tumor dormancy 2Cryptic clues drive new theory of bowel cancer development 2
... Charles Darwin visited the Falkland Islands during the voyage of the ... in his diaries and correctly commented that it was being hunted ... Darwin was baffled by how this animal got ... his ideas on evolution by natural selection. ...
... most diverse ecosystems on the planet, yet they thrive in ... thriving populations? Marine biologist Fleur Van Duyl from the ... energy budgets that support coral reefs in this impoverished environment. ... Halisarca caerulea sponges grow in the deep dark cavities ...
... exercising up to the end of pregnancy has no harmful ... is what has been indicated in a study carried out ... of Madrid), which also shows the positive relationship between the ... of their babies. The conclusions appear in the International ...
Cached Biology News:Funny, you don't look related 2Funny, you don't look related 3Funny, you don't look related 4Sponges recycle carbon to give life to coral reefs 2Sponges recycle carbon to give life to coral reefs 3Playing sport up to the end of pregnancy is healthy for the baby and the mother 2
Rabbit polyclonal to hCG ( Abpromise for all tested applications). entrezGeneID: 1081 SwissProtID: P01215...
Anti-Indolamine (Indoleamine) 2,3-dioxygenase Immunogen: Recombinant human IDO. Available Date: 38454...
Glutathione Agarose Beads 10 ml...
...
Biology Products: