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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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