Navigation Links
Kiwa Bio-Tech Third Quarter Revenues Increase 226% - Nine-Month Revenues $6.2 Million
Date:11/7/2007

BEIJING and CLAREMONT, Calif., Nov. 7 /Xinhua-PRNewswire-FirstCall/ -- Kiwa Bio-Tech Products Group Corporation (OTC Bulletin Board: KWBT) announced that revenues for the first nine months of 2007 were $6,214,712 an increase of 567% over $930,442 in the first nine months of 2006.

Revenues for the third quarter of 2007 were $2,957,972 an increase of 226% compared to $906,068 in the third quarter of 2006. These significant increases are due to the growth of Kiwa's new bio-enhanced feed business, reaching revenues of $2.85 million for the quarter. Revenues of bio-fertilizer products were just over $100,000 and reflect the re-opening of the Shandong factory at the end of the period.

Review of Third Quarter

Costs of sales were $2,718,712 and $852,885 for the three months ended September 30, 2007 and 2006, respectively. The increase in cost of sales was primarily due to the rapid increase of sales. Gross profit was $239,260 for the three months ended September 30, 2007, representing an average profit margin of 8.1%. The profit margins for bio-fertilizer and bio-enhanced feed were 60% and 6.2%, respectively.

Net loss decreased by 6% to $598,521 (including non-cash expenses of $322,023) for the three-month period ended September 30, 2007 compared to $636,278 for the three months ended September 30, 2006. This decrease resulted from the following factors: (1) a significant increase in gross profit of $186,077; (2) a increase in operating expenses of $31,796; (3) an increase in interest expenses of $100,959; and (4) a $15,699 of profit shared with a minority shareholder in a subsidiary in 2007 and was only $134 in 2006

Please refer to documents filed today with the Securities and Exchange Commission for additional information on the results for the third quarter and first nine months of 2007.

Mr. Wei Li, Chairman and CEO of Kiwa, stated, "Our growth reflects the significant growth of our joint venture located in Wuqing District in Ti
'/>"/>

SOURCE Kiwa Bio-Tech Products Group Corporation
Copyright©2007 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

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. CNS Response Announces Fiscal Third Quarter 2007 Results
8. Avitar Reports Third Quarter Financial Results for Fiscal 2007
9. Martek to Announce Third Quarter 2007 Results on September 5, 2007
10. Third Security, LLC Hires Two New Managing Directors
11. Wyeth Sets Webcast and Conference Call for 2007 Third Quarter Earnings
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/19/2014)... , Dec. 19, 2014 Naurex Inc., ... novel drugs for diseases of the central nervous system, ... and chief executive officer, will present at the 33 ... presentation will take place at 3:00 p.m. PST on ... in San Francisco, Calif. ...
(Date:12/19/2014)... Bina Technologies, Inc. (Bina, Redwood ... have been acquired by Roche (SIX: RO, ROG; OTCQX: ... company that provides a big data platform for centralized ... for the academic and translational research markets.  Bina will ... continue to focus on development of their innovative genomic ...
(Date:12/19/2014)... , Dec. 19, 2014 Research and Markets ... addition of the "Technology Innovations in Smart ... http://photos.prnewswire.com/prnh/20130307/600769 ... Smart Fabrics" offers a detailed assessment on technological ... Key Findings: 1. The Smart ...
(Date:12/19/2014)... 2014 Today, TiFiber, Inc. ... production facility and future company headquarters in Fort ... new materials that safely and effectively control dangerous ... of its historic, strong support for manufacturing, but ... leading edge, technology-based companies such as TiFiber. ...
Breaking Biology Technology:Naurex to Present at 33rd Annual J.P. Morgan Healthcare Conference 2Bina Technologies is acquired by Roche. 2Bina Technologies is acquired by Roche. 3Technology Innovations in Smart Fabrics (Technical Insights) 2Technology Company TiFiber™ to Establish Production Facility in Fort Smith, Arkansas with Support from Local Investors 2Technology Company TiFiber™ to Establish Production Facility in Fort Smith, Arkansas with Support from Local Investors 3Technology Company TiFiber™ to Establish Production Facility in Fort Smith, Arkansas with Support from Local Investors 4
... - As part of a new National Science Foundation ... will work with some of the nation's top science museums ... the tiniest human fingers can't touch it. , ,The ... Minnesota , and the Exploratorium , San Francisco, are ...
... , ,Green Bay, Wis. MailFoundry , ... two new high availability MailFoundry anti-spam appliances, the ... $6,999 and $12,999, respectively, with no user, domain ... anti-spam appliances are powered by Solinus' MessageIQ email ...
... to grow new businesses, according to a national magazine. , ,Among ... Madison is sixth among mid-sized cities. , ,The trio of ... th . , ,The rankings are published in October's issue of ... on the list in 1999, according to Gov. Jim Doyle, who ...
Cached Biology Technology:Engineers help turn science into interactive exhibits 2Tech Digest: MailFoundry; API Software 2
(Date:12/10/2014)... , Dec. 9, 2014  Valencell, a leader ... is seeing a staggering demand from its licensees for ... Company revealed, is not solely coming from fitness and ... well. "A wearable is only as useful ... accuracy is the ultimate driver in long-term mass consumer ...
(Date:12/10/2014)... CIE San Diego has launched an innovative ... tissue that enhances care coordination among social service and ... information; earned a second $1 million grant from the ... aging in community and; will be recognized as a ... 4-6p. CIE San Diego today announced ...
(Date:12/10/2014)... , December 9, 2014 ... BCARD Platform   ... meeting scheduling solutions for business-to-business (B2B) events, today ... leader in mobile near-field communication (NFC), Bluetooth low ...      (Logo: http://photos.prnewswire.com/prnh/20140612/691055) , Jifflenow will ...
Breaking Biology News(10 mins):Wearable 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 4Jifflenow And ITN International Bring Cutting-Edge Badge Scanning Technology To B2B Events 2Jifflenow And ITN International Bring Cutting-Edge Badge Scanning Technology To B2B Events 3
... international team led by a University of Cincinnati (UC) researcher ... host defenses in the body. The team, led by Malak ... microbiology department, analyzed the evolution over time of the community ... Strep A), a bacterium often found in the throat or ...
... can have undesirable outcomes on fish populations living in remote ... Hunt and Nigel Lester of the Ontario Ministry of Natural ... of Fisheries Management . The presence, location, ... point development on remote lakes in northern Ontario. Due to ...
... Understanding the key elements of biofuel combustion is ... fuels. And that,s exactly what researchers at Sandia ... journal Angewandte Chemie devotes its May 10 ... and Lawrence Livermore,s Charles Westbrook, which examines the essential ...
Cached Biology News:Research team shows how bacterial community evolves to survive 2Biofuel chemistry more complex than petroleum, say Sandia and Lawrence Livermore researchers 2
... The antibody is preadsorbed to remove any reactivity ... buffered aqueous glycerol solution A solution in ... and Ca 2+ ), pH 7.3 (+/- ... protease free) and 0.05% sodium azide A synthetic ...
... On-Demand Cytometry The Guava EasyCyte ... laser based multiparameter cytometer with built-in 96-well ... can screen plates of cells and compounds ... manipulating multiple tubes or having the carryover ...
Methylation analysis of gene promoters using bilsulfite treatment of DNA and comparative DNA sequence analysis. Probe design and PCR included....
... Fully automated, GLP-compliant Facility , Galaxy LIMS, ... , Highly experienced scientists ,We offer individual ... or full plasmids for single or double ... used when the DNA of interest is ...
Biology Products: