Navigation Links
Kiwa Bio-Tech Revenues for 1st Half Exceed $3.25 Million
Date:8/19/2007

BEIJING and CLAREMONT, Calif., Aug. 14 /Xinhua-PRNewswire-FirstCall/ -- Kiwa Bio-Tech Products Group Corporation (OTC Bulletin Board: KWBT) announced that revenues for the second quarter of 2007 increased more than 35% over the first quarter of 2007 exceeding $1,872,000 and were 139 times revenues of just $13,351 for the same period in the previous year.

Revenues for the first half of 2007 were $3,256,000 compared to only $24,374 in the first half of 2006. These significant increases are due to the growth of Kiwa's new bio-enhanced feed business.

Review of Second Quarter

Costs of sales were $1,798,905 and $12,545 for the three months ended June 30, 2007 and 2006, respectively. The increase in cost of sales was primarily due to the rapid increase of sales. Gross profit was $73,742 for the three months ended June 30, 2007, representing an average profit margin of 3.9%. The profit margins for bio-fertilizer and bio-enhanced feed were 18.9% and 3.8%, respectively.

Mr. Wei Li, Chairman and CEO of Kiwa, stated, "The significant improvement in revenues reflects the efforts at the 60 distributors in our joint venture, Tianjin Kiwa Feed Co., Ltd. We appreciate the efforts of our team in building this business and we are now focusing on raising the profit margins for bio- enhanced feed products."

Net loss increased by $780,979 or 148.5% to $1,306,893 (including non-cash expenses of $537,164) for the three months ended June 30, 2007, as compared to $525,914 for the three months ended June 30, 2006. This increase resulted from the following factors: (1) increase in gross profit of $72,936; (2) increase in operating expenses of $192,923; (3) increase in interest expenses of $247,233; (4) there was $750 of net loss born as a minority shareholder in a subsidiary in 2007 and no similar loss in 2006; and (5) we recognized $414,509 expenses in connection with urea entrepot trade during the current period.

In July 2007, the Company entered in
'/>"/>

SOURCE Kiwa Bio-Tech Products Group Corporation

Copyright©2007 PR Newswire.

Page: 1 2 3 4 5 6

Related biology technology :

1. Industry Veterans take a look back from 2025: Bio-Technology, and Bio-Informatics are the focus
2. Sonic Foundry reports GAAP loss as Q2 revenues rise
3. Fiserv reports stronger earnings and revenues
4. Third Waves revenues rebound
5. Electronic signs for municipalities: Las Vegas or lost revenues?
6. TDS restates years of revenues, shows slight profit drop
7. Standard Networks reports 125% growth in software revenues
8. Catalyst International profit exceeds expectations
9. New report says Wisconsin R&D spending exceeding expectations
10. Submissions to the Gov.s Business Plan Contest Exceed Expectations
11. Venture Investors early-stage fund grows to $115 million
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/15/2014)... 2014 Cynvenio, a cancer diagnostics company ... genomic analysis of tumor cells in the bloodstream, today ... cancer decision support application powered by CollabRx, Inc. ... genomic test, Therapy Finder will provide breast cancer patients ...
(Date:1/15/2014)... 15, 2014 This webinar will focus ... clinical safety assessment in biosimilars. , Regulatory frameworks are ... drug development, however the complex nature of biopharmaceuticals makes ... and efficacy extremely challenging. Based on the specific aspects ...
(Date:1/15/2014)... Two champions of science, technology, engineering, ... an annual competition for middle and high school students ... STEM study. The competition presents students with real-world problems ... Aptitude, Mathematics, and Sciences is a program administered ...
(Date:1/15/2014)... 2014 2013 was a banner year ... Technologies®. They saw continued independent research led by the ... awarded a $1 million grant from the Susanne Marcus ... Behavior” a peer reviewed journal, Amy Grant highlighted Brainwave ...
Breaking Biology Technology:Cynvenio Offers New Breast Cancer Therapy Finder Application for its ClearID Breast Cancer Genomic Test 2Cynvenio Offers New Breast Cancer Therapy Finder Application for its ClearID Breast Cancer Genomic Test 3Xtalks Life Sciences Webinar Examines Safety Assessment of Biosimilars 2Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 2Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 3Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 4Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 5Dynamic Innovative Technology Showcased at Scottsdale Company’s Open House 2Dynamic Innovative Technology Showcased at Scottsdale Company’s Open House 3
... Broad Expertise and Strong Leadership Skills in ... Jan. 9 BioNanomatrix, Inc., a developer ... personalized medicine and biomedical research, today announced ... president of engineering. Mr. Kochersperger has ...
... CAMBRIDGE, Mass. January 8, 2008 From the ... galaxies, helical forms are as abundant as they are ... Harvard School of Engineering and Applied Sciences (SEAS) have ... of nanobristles, akin to tiny hairs, into helical clusters ...
... of The IN VIVO Blog , which provides news, ... have selected a Deal of the Year for ... Pharmaceuticals .More than 2,500 reader votes were cast in this ... finish among the 13 nominees selected by The IN VIVO ...
Cached Biology Technology:BioNanomatrix Appoints Michael Kochersperger as Vice President of Engineering 2BioNanomatrix Appoints Michael Kochersperger as Vice President of Engineering 3Researchers control the assembly of nanobristles into helical clusters 2The IN VIVO Blog Selects First Annual 'Deal of the Year' 2
(Date:4/17/2014)... the process whereby the genetic information of DNA ... proteins, which have numerous different functions in living ... intermediary during gene expression, by relating the genetic ... in manufacturing proteins. , By examining the ... in an organism at a given time, researchers ...
(Date:4/17/2014)... way the immune system may fight cancers and viral ... cells to treat illness. , The research, in mice, ... "neighborhood police" specialized squads of defenders that patrol ... entire city, the body. , Scientists at Washington University ... the liver, skin and uterus each has dedicated immune ...
(Date:4/17/2014)... about domestication derive from Charles Darwin, whose ideas ... practices during the 19th century, a period when ... It is from Darwin that we inherit the ... from wild species and total human control over ... in this industrial setting has been applied too ...
Breaking Biology News(10 mins):Rapid and accurate mRNA detection in plant tissues 2Some immune cells defend only 1 organ 2The story of animal domestication retold 2The story of animal domestication retold 3The story of animal domestication retold 4
... Bacteria don,t have easy lives. In addition to mammalian ... called bacteriophages, viruses that kill half the bacteria on Earth ... of microorganisms called archaea (first discovered in extreme environments such ... part because they have a built-in defense system that helps ...
... of a lifetime, the heart pumps some 250 million liters ... this, the muscle fibers of the heart have to be ... vice chair of the Department of Medicine III at Heidelberg ... a protein that is responsible for the stability of the ...
... 12 new grant recipients for 2009. The awards, totaling ... of lupus research. All were selected for their creativity, ... prevent, treat, and cure the complex disease of systemic ... and established lupus researchers across the nation and include ...
Cached Biology News:Researchers discover biological basis of 'bacterial immune system' 2Researchers discover biological basis of 'bacterial immune system' 3New genetic cause of cardiac failure discovered 2Lupus Research Institute announces 2009 novel research grants 2Lupus Research Institute announces 2009 novel research grants 3
Highly efficient electroporation solution suitable for transfection of plasmid DNA, oligonucleotides and siRNA. Compatible with all common electroporators....
... MasterPure™ Plant Leaf DNA Purification Kit is designed ... plant leaf tissue. The protocol can be completed ... scaled up to obtain larger amounts of DNA. ... amplification, restriction digestion, and Southern blotting. The MasterPure ...
...
...
Biology Products: