Navigation Links
Kun Run Biotechnology, Inc. Year-End Revenues Increase 56% to $11.6 million
Date:4/1/2009

HAIKOU, China, April 1 /PRNewswire-Asia-FirstCall/ -- Kun Run Biotechnology, Inc., (OTC Bulletin Board: KURU) a leading bio-pharmaceutical company in China that focuses on manufacture and sales of peptides and peptide-based drugs, today announced its financial results for the year ended December 31, 2008.

Revenues for the year ended December 31, 2008 were $11.6 million, an increase of $4.1 million, or 56% over revenues for the same period of 2007.

The gross margin for the year ended December 31, 2008 was 71%, increasing from 58% for the same period of 2007. Selling expenses were $687,949 or 6% of the total sales, for the year ended December 31, 2008, decreasing 51% from $1,416,469 for 2007. The drop was mainly due to the Company's increased marketing budget in 2007 in order to enlarge sales and market share. These expenditures fell back to a more normal level in 2008 as our brands reached a more mature position and extra promotions were not as necessary. Research and development expenses were $271,476 in 2008, equivalent to $276,138 in 2007.

Income from operations increased 262% to $4.8 million in 2008 from $1.7 million for the year ended December 31, 2007. The sharp increase in income from operations was in part due to strong marketing and sales efforts and efficient cost control systems.

Net income increased 378% to approximately $6.0 million for the year ended December 31, 2008. This was an improvement of approximately $4.8 million, from approximately $1.2 million for the same period of 2007. Comprehensive income was $6.8 million compared to $1.4 million in 2007. This increase was in line with the revenue growth and margin improvement and reflects income from disposing property that contributed an additional $2.4 million. Earnings per share for the year ended December 31, 2008 were $0.24 per share (both basic and diluted), compared with $0.05 per share (both basic and diluted
'/>"/>

SOURCE Kun Run Biotechnology, Inc.
Copyright©2009 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6 7 8

Related biology technology :

1. Dr. David Sidransky Appointed Chairman of Champions Biotechnology, Inc.
2. Champions Biotechnology, Inc. Appoints New Board Members and Forms Management Team
3. Champions Biotechnology, Inc. Completes $2,500,000 Private Financing at $1.75 per Share
4. Letter to Shareholders from the CEO and Chairman of the Board of Yongye Biotechnology, Inc.
5. Dynatronics to Release Fourth Quarter and Year-end Results Friday, September 14, 2007; Conference Call set for 1:00 p.m. ET
6. Neurobiological Technologies, Inc. Reports Fourth Quarter and Fiscal Year-End Financial Results for 2007 Announces 1-for-7 Reverse Stock Split
7. Bioniche Reports Fiscal 2007 Year-End Results
8. Alfacell to Host Fiscal Fourth Quarter and Year-End 2007 Financial Results Conference Call and Webcast
9. Monsanto Sees Record Sales in Fiscal Year 2007; Seeds and Traits Business Contributes to Strong Fourth Quarter and Year-End Results
10. Tutogen Medical, Inc. Reports Year-End Fiscal 2007 Financial Results
11. Vasogen to Conduct Year-end 2007 Conference Call

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/27/2009)...7 Stallergenes has been,...both adults and children,through a Mutual Recognit...alair(R) has been marketed, was the reference Memb...in Austria, Belgium, Bulgaria, Cyprus, the,Czech R..., Ireland, Italy,Latvia, Lithuania, Luxembourg, M...
(Date:11/25/2009)...dor to Speak at Economic Club of Canada , ...25, 2009 -- Ambassador to Speak at Economic Club o...sador for International Investment, and Chairman a...iography of David Appia go to www.investinfrance....o meet with press to discuss recent pro-business i...
(Date:11/25/2009)...PRNewswire-FirstCall/ -- Ardea Biosciences, Inc. (...t, Pharm.D., president and chief executive officer...alth Care Conference. , ,Presentation details are...e Conference,Date: Tuesday, December 1, 2009,...ew York Palace Hotel, New York, NY,Webcast: <a ...
(Date:11/24/2009)...., Nov. 24 Two more prestigious un...on,s leading online job board and careers site for...d Columbia University are now members of the job b... Institutions. ,, The job board, www.biocareer...e sciences. While there are hundreds of life scien...
Breaking Biology Technology:STALLERGENES is Granted a Marketing Authorization for Oralair(R) in Europe 2STALLERGENES is Granted a Marketing Authorization for Oralair(R) in Europe 3French Ambassador for International Investment to Visit Toronto December 11 2Ardea Biosciences to Present at the Piper Jaffray 21st Annual Health Care Conference 2Two Major Universities Join Nation's Leading Postgrad Bio Job Board 2
...the magnitude of Big Pharma and the converging tre...cularly in the U.S. market. , ,We also explored th... sell $1 billion or more) but the super-blockbuste...ar) and the mega-blockbuster drugs (the one drug, ...han $10 billion per year). , ,Looking at sales of ...
...terman, here are the top 10 reasons to be at the B...hiladelphia. , , 10. You can pick up some great to...he coin of the realm in the BIO exhibit floor, whe...e set up shop. Mini-soccer balls, mini-Capitol dom... Crowd at BIO 9. You can go on a diet. Believe ...
...ries could become a model for the rest of the worl...stry officials said at a leadership summit held Th...summit to discuss Wisconsin,s forest and agricultu...market, and to identify issues affecting expansion...rgy and the Department of Agriculture came to c...
Other Biology Technology:Line between big pharma, big biotech continues to blur 2Line between big pharma, big biotech continues to blur 3From the BIO floor 2From the BIO floor 3Wisconsins biobased industries could be world leader 2Wisconsins biobased industries could be world leader 3
(Date:11/24/2009)... arteries from collapsing have been true life-save...er needed -- once the arteries are strengthened, t... choice but to leave them in place. , Prof. Meit...f Biomedical Engineering has developed a new paten...they,re needed, then dissolves. , "Our new compo...
(Date:11/24/2009)...ter of debate. A high-profile study a few years ag...ir carbon from trees and leaves, evidence for a ve...ecosystems. , But new research from the Universi...ue. Algae provide a much richer diet for fish and ...d this week in the Proceedings of the National Ac...
(Date:11/23/2009)...009 Applied mathematicians dissected the morpholo...aracteristic long leaf with a saddle-like arc mids... The simple cause of the lily,s fan-like shapeelas...rential growthwas revealed by using an equally sim...Liang, a postdoctoral student at Harvard,s School ...
Breaking Biology News(10 mins):A coating for life 2Fish food fight: Fish don't eat trees after all, says new study 2Fish food fight: Fish don't eat trees after all, says new study 3The cause behind the characteristic shape of a long leaf revealed 2Peter G Peterson Foundation Releases The Lewin Group Study Showing Current House Health Care Reform Proposal Would Lead to Expanded Coverage and High 56622 1Peter G Peterson Foundation Releases The Lewin Group Study Showing Current House Health Care Reform Proposal Would Lead to Expanded Coverage and High 56622 2Peter G Peterson Foundation Releases The Lewin Group Study Showing Current House Health Care Reform Proposal Would Lead to Expanded Coverage and High 56622 3Peter G Peterson Foundation Releases The Lewin Group Study Showing Current House Health Care Reform Proposal Would Lead to Expanded Coverage and High 56622 4Axium Healthcare Pharmacy Inc Has Been Chosen as One of Central Floridas Golden 100 Companies for the Fifth Year in a Row 56618 1Axium Healthcare Pharmacy Inc Has Been Chosen as One of Central Floridas Golden 100 Companies for the Fifth Year in a Row 56618 2Red Cross Sees Increase in Youth Volunteers During United We Serve Program 56615 1Red Cross Sees Increase in Youth Volunteers During United We Serve Program 56615 2Red Cross Sees Increase in Youth Volunteers During United We Serve Program 56615 3
...nto, ON (September 22, 2008) Researchers at the U...ghting severe lung infections in people with cysti...Proceedings of the National Academy of Science US...the lungs of people with CF. Pseudomonas aeruginos... and is often associated with severe lung infectio...
...ARBOR, Mich.---Scientists and news organizations t...ll during epidemics, but research at the Universit...fections lurking in large numbers of people are th...ntially fatal infectious disease: cholera. , Usin...U-M researchers and their collaborators came up wi...
...ford, CAHow much carbon dioxide is too much? Accor...mate Change (UNFCCC) greenhouse gases in the atmos...o "prevent dangerous anthropogenic interference wi...o realize that an even more acute danger than clim...t is likely to be triggered by CO2 levels that are...
Other Biology News:New approach to treating cystic fibrosis lung infection shows promise 2Hidden infections crucial to understanding, controlling disease outbreaks 2Hidden infections crucial to understanding, controlling disease outbreaks 3Modest CO2 cutbacks may be too little, too late for coral reefs 2
...ost thoroughly characterized enzyme available for ...y and efficacy. , Its thermal activity profile m...tested to guarantee reproducible results. ,,...re, gelatin-free, thermostable, recombinant DNA po...
Taq DNA Polymerase (Thermus aquaticus) from GE Healthcare, formerly Amersham Biosciences
...atile and easy-to use enzyme, with powerful advant...erase is prepared from a recombinant clone express...e from Thermococcus litoralis. The enzyme includes.... Its inherent 3'-5' proofreading activity results...
Aspergillus-directed IgG EIA Kit from Alpco Diagnostics
Biology Products: