Kiwa Bio-Tech Year-End Revenues Increase 264% - Exceed $9... (General and administrative ...)

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Kiwa Bio-Tech Year-End Revenues Increase 264% - Exceed $9.1 Million

Date:3/26/2008

General and administrative 901,545 544,696

Selling expenses 363,131 521,608

Research and development 177,773 119,719

Depreciation and amortization 129,298 172,011

Allowance and provision 588 220,148

Total operating expenses 2,652,600 2,490,239

Operating loss (2,126,616) (2,309,943)

Interest expenses (766,411) (231,559)

Loss before minority interest in a

subsidiary's deficit (2,893,027) (2,541,502)

Minority interest in a subsidiary's

deficit (332) 19,356

Net loss from continuing operation (2,893,359) (2,522,146)

Loss from discontinued operations

Net income (loss) - Urea

Entrepot Trade (414,509) 238,047

Net loss (3,307,868) (2,284,099)

Other comprehensive loss:

Translation adjustment (61,111) (95,776)

Comprehensive loss $ (3,368,979) $ (2,379,875)

Net profit (loss) from continuing

operations per common share

- - basic and diluted $ (0.038) $ (0.040)

Net profit (loss) on discontinued

operations per common share

- - basic and diluted $ (0.005) $

0.004
Weighted average number of common

shares outstanding-basic and

diluted 75,543,446 63,646,482

CONSOLIDATED BALANCE SHEETS (AUDITED)

December 31, December 31,

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

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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
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10. Kiwa Bio-Tech Animal Feed Volume Increased 25% in Fourth Quarter of 2007
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