Navigation Links
Kiwa Bio-Tech 1st Quarter Revenues Increase 57.8% - $2.18 Million
Date:5/9/2008

Anticipates Significant Improvement During Spring Planting Season

BEIJING and CLAREMONT, Calif., May 9 /Xinhua-PRNewswire-FirstCall/ -- Kiwa Bio-Tech Products Group Corporation (OTC Bulletin Board: KWBT) announced revenues for the first quarter of 2008 ended March 31 were $2,184,271, an increase of 57.8% above revenues of $1,384,093 for the first quarter of 2007.

The significant revenue improvement is due to the expansion in Kiwa's bio-fertilizer and bio-enhanced feed businesses. During the first quarter of 2008, revenue generated from the bio-fertilizer business increased 1136.7% to $148,104 from $11,976. Net sales contributed by the bio-enhanced feed business increased 48.4%, to $2,036,167 from $1,372,117 in the first quarter of the previous year.

The net loss increased to $686,195 for the three-month period ended March 31, 2008 compared to $639,259 for the three months ended March 31, 2007. This net loss increase was partially the result of a decrease in gross profit in the bio-feed business due to a sharp increase in prices of raw materials and an increase in interest expenses partly offset by a decrease in operating expenses. Please refer to documents filed today with the Securities and Exchange Commission for additional information on the results for the first quarter of 2008.

Mr. Wei Li, Chairman and CEO of Kiwa, stated, "Poor winter weather in some planting areas of China and world wide increases in food prices suggest that orders for the bio-fertilizer business will be strong during the Spring planting season. We are pleased that our products are receiving recognition by farmers and governmental agencies. For instance, in March, the Ministry of Agriculture of the PRC granted an initial fertilizer registration certificate to our wholly owned subsidiary, Kiwa Bio-Tech Products (Shandong) Co., Ltd. for a newly developed bio-fertilizer product, "Fudikang". Fudikang is an inoculant that speeds decomposition of organic matter.
'/>"/>

SOURCE Kiwa Bio-Tech Products Group Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology technology :

1. Kiwa Bio-Tech Revenues for 1st Half Exceed $3.25 Million
2. Kiwa Bio-Tech Named Recommended Brand by the China Green Food Association
3. Kiwa Bio-Tech Completes 1st Stage of Shandong Factory Upgrading
4. Advanced Bio-Technologies Inc Announces Acquisition by HealthEdge Investment Partners, Tampa FL
5. Kiwa Bio-Tech Ships 2,700 Tons of Bio-feed in One Month
6. Align Technology, Inc. Ranked 23rd in Deloittes Technology Fast 50 Program for Silicon Valley Scientific & Medical Equipment, and Bio-Technology Companies
7. Kiwa Bio-Tech Third Quarter Revenues Increase 226% - Nine-Month Revenues $6.2 Million
8. Kiwa Bio-Tech Products Group Holds a Fertilizer Products Exhibition in Hebei
9. Kiwa Bio-Tech Products Group Holds Meetings to Build Distribution Network
10. Kiwa Bio-Tech Animal Feed Volume Increased 25% in Fourth Quarter of 2007
11. Kiwa Bio-Tech Ships 114 Tons of Bio-Fertilizer in Fourth Quarter of 2007
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/19/2014)... Mass. , Dec. 18, 2014  Decision Resources ... dental biomaterial market will grow moderately through 2023 ... procedures and growing awareness of dental biomaterials all spur ... markets such as China and ... will bring dental procedures within reach for a larger ...
(Date:12/19/2014)...   ISN has released its third annual ... publication series. With data aggregated from over eight ... within its online contractor management platform, ISNetworld, this three-part ... (KPI) statistics. The Contractor ... is available in two industry specific volumes: Oil ...
(Date:12/17/2014)... December 16, 2014 The Activated ... 2013, which is why IBISWorld updated its original industry ... to benefit from an intensified focus on environmental policy. ... new emission standards for power plants and a range ... to IBISWorld Industry Analyst Sarah Kahn, “a range of ...
(Date:12/17/2014)... 2014 “Never say, ‘I cannot ... Marburg’s Department of Physics, advises young women pursuing ... released SPIE Women in Optics 18-month planner ... to ask questions.” , In the annual planner, ... occupations ranging from university professor and laboratory researcher ...
Breaking Biology Technology:Asia Pacific Dental Biomaterial Market Will Grow Strongly Through 2023 2Asia Pacific Dental Biomaterial Market Will Grow Strongly Through 2023 3ISN Releases Third Edition of US Contractor Health & Safety Performance Indicators Publication Series 2ISN Releases Third Edition of US Contractor Health & Safety Performance Indicators Publication Series 3Activated Carbon Manufacturing in the US Industry Market Research Report Has Been Updated from IBISWorld 2Activated Carbon Manufacturing in the US Industry Market Research Report Has Been Updated from IBISWorld 3Network, Multitask, Persevere: SPIE Women in Optics Planner Subjects Share from Experience 2Network, Multitask, Persevere: SPIE Women in Optics Planner Subjects Share from Experience 3
... Prominent HIV Vaccine ... ... Inc. (Nasdaq: MGRM ) today announced that company,researchers have co-authored ... during the Keystone HIV,Vaccines: Progress and Prospects Symposium in Banff, Alberta., ...
... Catheter hold up at one year, CHICAGO, ... that sucks,out, or aspirates, bits of plaque and ... (PCI) significantly enhances blood flow,deep in the heart ... attack,according to a recently published study. Now, a ...
... the spotlight at the Institute of Physics Condensed Matter and ... University of London on 26-28 March. , The ... which has supplied several decades worth of remarkable increases in ... sustaining this pace for more than another decade in ...
Cached Biology Technology:Monogram HIV Antibody Assay Is Key Component of Innovative Vaccine Development Program 2Monogram HIV Antibody Assay Is Key Component of Innovative Vaccine Development Program 3Monogram HIV Antibody Assay Is Key Component of Innovative Vaccine Development Program 4Monogram HIV Antibody Assay Is Key Component of Innovative Vaccine Development Program 5Device That Clears Debris From Artery Aids Blood Flow in PCI 2Device That Clears Debris From Artery Aids Blood Flow in PCI 3The future of computing -- carbon nanotubes and superconductors to replace the silicon chip 2The future of computing -- carbon nanotubes and superconductors to replace the silicon chip 3The future of computing -- carbon nanotubes and superconductors to replace the silicon chip 4
(Date:12/11/2014)... 2014  Data Sciences International (DSI), the global ... new series of digital telemetry implants to meet ... series, part of the PhysioTel™ Digital platform, was ... physiologic data when incorporating functional endpoints into repeat-dose ... toxicology studies has evolved from short ECG strips ...
(Date:12/10/2014)... N.C. , Dec. 9, 2014  Valencell, a ... it is seeing a staggering demand from its licensees ... the Company revealed, is not solely coming from fitness ... as well. "A wearable is only as ... result, accuracy is the ultimate driver in long-term mass ...
(Date:12/10/2014)... , Dec. 9, 2014 CIE San Diego ... that provides the connective tissue that enhances care coordination ... to easily share client-level information; earned a second $1 ... to organizations serving seniors aging in community and; will ... on December 11 th 4-6p. CIE ...
Breaking Biology News(10 mins):New telemetry implants expected to change how large animal toxicology studies are conducted 2Wearable Technology Products Demand Highly Accurate Biometric Technology 2Community Information Exchange San Diego Launches Pilot, Secures $1 Million Expansion Grant, and Becomes a "Live Well San Diego" Partner 2Community Information Exchange San Diego Launches Pilot, Secures $1 Million Expansion Grant, and Becomes a "Live Well San Diego" Partner 3Community Information Exchange San Diego Launches Pilot, Secures $1 Million Expansion Grant, and Becomes a "Live Well San Diego" Partner 4
... BBSRC-funded researchers at the University of Manchester,s Institute ... computer gaming technology to capture previously unobservable atomic ... of nature,s most complex entities known as "glycomes" ... cell. This novel solution provides a new ...
... 31, 2013 Fujitsu has announced six new mobile ... , using embedded swipe sensor technology from Fingerprint Cards ... products will start to sell in operator stores in ... of 2013. This is FPC,s first launch for a ...
... strategies available to people wanting to avoid regaining weight ... a high protein diet can help weight loss maintenance, ... The American Journal of Clinical Nutrition . ... at Karolinska Institutet,s Clinical Epidemiology Unit and the Obesity ...
Cached Biology News:Gaming technology unravels 1 of the most complex entities in nature 2Gaming technology unravels 1 of the most complex entities in nature 3Fujitsu Launches Four Smartphones and Two Tablet PCs With FPC Embedded Fingerprint Technology for the Japanese Market 2A high protein diet and meal replacements can reduce rebound weight gain 2
Human Presenilin-2 NTF Affinity Purified Polyclonal Ab...
2'-Fluorine-CTP (2'-F-CTP) is readily incorporated into transcripts by T7 and SP6 R&DNA™ Polymerase and is available separately....
Human Glypican 2 Biotinylated Affinity Purified PAb...
Tachykinin (H-2)...
Biology Products: