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.

1

GOOD

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:11/6/2009)...RORA, Ontario, Nov. 6 He...: HXBPF) today announced that John Docherty, presi...Merriman Curhan Ford,s 6th annual Investor Summit ...el in New York City. Mr. Docherty will provide an...ment programs L-DOS47 and Topical Interferon Alpha...
(Date:11/6/2009)...RING VALLEY, Calif., Nov. 6 Calbio...d a Small Business Innovative Research (SBIR) Phas... Material command. Under terms of the agreement, C...ASRs) for the diagnosis of Dengue virus. ,, ...presents a major threat to military forces deploye...
(Date:11/5/2009)...NSPORTATION -- Gone hybrid . . . , Fuel econom...are now posted at the www.fueleconomy.gov web si...and maintains for the U.S. Department of Energy an...f the top 10 vehicles on the best fuel economy lis...1 MPG city; 48 highway). "This list proves that hy...
(Date:11/5/2009)...N DIEGO, Nov. 5 Imagenet...ay that William Spencer, President and CEO of Imag...the 2nd annual LD MICRO Conference on Thursday, De...Los Angeles. ,, About LD MICRO ,, LD MICRO i...s on finding undervalued companies in the micro-ca...
Breaking Biology Technology:Helix BioPharma to Present at Merriman Curhan Ford's Investor Summit 2009 on November 10th 2Helix BioPharma to Present at Merriman Curhan Ford's Investor Summit 2009 on November 10th 3Calbiotech Awarded U.S. Army Phase I SBIR Research Contract to Develop Analyte Specific Reagents for the Diagnosis of Dengue Fever Virus 2November 2009 story tips from the US Department of Energy's Oak Ridge National Laboratory 2November 2009 story tips from the US Department of Energy's Oak Ridge National Laboratory 3Imagenetix to Present at 2nd Annual LD MICRO Conference at the Luxe Sunset Bel Air 2
...GA, ON, Oct. 11 /PRNewswire-FirstCall/ - YM BioSci...logy company that identifies, develops,and commerc...wide, today,advised that its Annual Meeting of Sha...t 4:00pm at the Gallery of the TSX Broadcast & Con...t West, Toronto, Ontario. The items for considera...
... Oppose Proposal to Kill Human Embryos for Researc...ference President and Chief Executive Officer Sist...atement today regarding the formation of the,ballo...In order to protect human life at its most vulnera...ated, that seeks to clone and/or kill,human embryo...
...zerland, October 11 The young Swiss biotech,enter... Michel Klein, one,of the world,s most renowned va...ice President of Science & Technology of the Avent...ship of the scientific sector of,vaccine developme...as,access to an outstanding network across one of ...
Other Biology Technology:YM BIOSCIENCES NOTICE OF ANNUAL MEETING OF SHAREHOLDERS AND NOMINATION OF DIRECTORS 2YM BIOSCIENCES NOTICE OF ANNUAL MEETING OF SHAREHOLDERS AND NOMINATION OF DIRECTORS 3Prof. Michel Klein Becomes Chief Scientific Officer at AMVAC 2
(Date:11/9/2009)... a wet ethanol production method that begins by so...lts in more gallons of ethanol and more usable co-...or their buck by about 20 percent. , "The conve... but other than distillers dried grains with solub...niversity of Illinois Agricultural Engineer Esha K...
(Date:11/9/2009)... Ala. The U.S. Department of Energy (DOE) has ann... Alabama at Birmingham (UAB) School of Engineering... gas emissions through the capture and permanent s...CO2). The project is in collaboration with Souther... Funded by the DOE through the 2009 American Reco...
(Date:11/9/2009)...nce of butterfly wings has inspired a 3.2m, three-...ovation in the fields of security, energy and the ...ional technology company QinetiQ have just signed ...es based on groundbreaking physical sciences resea...icists from the University of Exeter and QinetiQ w...
Breaking Biology News(10 mins):Wet ethanol production process yields more ethanol and more co-products 2UAB, partners seek safe carbon dioxide storage for 'greener' power generation 2UAB, partners seek safe carbon dioxide storage for 'greener' power generation 3£3.2m ($5.4 million) research project to capture brilliance of butterfly wings 2Cyberonics to Present at UBS Global Life Sciences Conference 56756 1Cyberonics to Present at UBS Global Life Sciences Conference 56756 2Access Pharmaceuticals Provides Update on ProLindac 28TM 29Clinical Development Plan 13977 1Access Pharmaceuticals Provides Update on ProLindac 28TM 29Clinical Development Plan 13977 2Access Pharmaceuticals Provides Update on ProLindac 28TM 29Clinical Development Plan 13977 3Access Pharmaceuticals Provides Update on ProLindac 28TM 29Clinical Development Plan 13977 4Research Demonstrates that HerbalSciences Proprietary Elderberry Extract Prevents in Vitro H1N1 Influenza Infection 56753 1Research Demonstrates that HerbalSciences Proprietary Elderberry Extract Prevents in Vitro H1N1 Influenza Infection 56753 2Research Demonstrates that HerbalSciences Proprietary Elderberry Extract Prevents in Vitro H1N1 Influenza Infection 56753 3
...ions will converge in Taipei amid spiralling inter... others beginning to realize potential application...and food safety to disease prevention and better e...geoning three-year-old scientific field could, amo...mber out of global markets, slow the spread of inv...
...ield of HIV research through his rational approach...n HIV vaccine. His method is based on gaining an ...ul antibodies generated to date, and the sites on ...hat will be essential to designing improvements to... published an extensive number of papers, four of ...
... 2007 American Society for Microbiology (ASM) ICAA... Company, Inc., U.S. Human Health, will be present...ant Professor in Pediatrics, Division of Pulmonary...al Center, Seattle, Washington. Dr. Hoffman is be...ology and infectious disease. , Dr. Hoffman has...
Other Biology News:Amid spiralling government interest, world's top 350 DNA barcode scientists meet in Taipei 2Amid spiralling government interest, world's top 350 DNA barcode scientists meet in Taipei 3Amid spiralling government interest, world's top 350 DNA barcode scientists meet in Taipei 4Amid spiralling government interest, world's top 350 DNA barcode scientists meet in Taipei 5Amid spiralling government interest, world's top 350 DNA barcode scientists meet in Taipei 6Amid spiralling government interest, world's top 350 DNA barcode scientists meet in Taipei 7Amid spiralling government interest, world's top 350 DNA barcode scientists meet in Taipei 8
...gands\n\nReceptor-related research has long been e...abeled ligands selected to keep pace with new disc...ts and services for receptor research and drug dis...igands. If you do not find exactly what you need, ...
...ve and specific detection of microRNAs (miRNAs) by...ave high binding affinity and discrimination, enab...s. Due to the high binding affinity of the miRCURY... needed compared to traditional probes. Furthermor...
Rabbit Anti-Mouse Vitronectin Polyclonal Antibody, Unconjugated from Abcam
...methylation is an irreversible post translational ...o protein activity. At least three types of PRMT e...ese enzymes have been shown to have essential regu... several fundamental areas. These protein include ...
Biology Products: