Navigation Links
Tiens Biotech Group (USA) Reports Second Quarter and Six-Month Results
Date:8/19/2010

Tiens Biotech Group (USA), Inc. (the "Company" or "Tiens", NYSE AMEX: TBV), http://www.tiens-bio.com , today announced financial results for the second quarter and six months ended June 30, 2010.

Revenue for the second quarter of 2010 was $8.2 million, compared to $20.6 million for the second quarter of 2009. Revenue for the six months ended June 30, 2010 was $19.6 million, compared to $38.8 million for the first six months of 2009.

Net income for the second quarter of 2010 was $0.5 million, or $0.01 per share, compared to net income of $10.3 million, or $0.14 per share, for the 2009 second quarter. For the six months ended June 30, 2010, net income was $4.1 million, or $0.5 per share, compared to $19.3 million, or $0.26 per share for the first six months of 2009.

The decrease in revenue was mainly due to a decrease in international sales which reflects China's Administration of Quality Supervision, Inspection and Quarantine carrying out a national campaign against unsafe food and substandard products in 2008, which brought on a general slow-down and backlog of export clearances for Chinese food products. Upon the lifting of the regulations, overseas affiliated companies began to purchase more products, thereby increasing sales in the first two quarters of 2009. Second quarter 2010 sales to Indonesia, Russia, Vietnam and Peru further decreased due to the distributors in these countries purchasing more products in the first half of 2009, after the 2008 product scarcity. The decrease in sales in China was mainly due to domestic distributors' reduced purchasing demand following their stocking up of products during 2009. Management believes the decrease in revenues is temporary, and that revenue growth will resume in the near future.

'/>"/>
SOURCE Tiens Biotech Group (USA), Inc.
Copyright©2010 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11 12

Related biology technology :

1. Tiens Biotech Group (USA) Reports Second Quarter and Six-Month Results
2. Tiens Biotech Group (USA) Reports First Quarter Results
3. Tiens Biotech Group (USA) Reports Second Quarter and Six-Month Results
4. Tiens Biotech Group (USA) Reports First Quarter Results
5. InNexus Biotechnology Announces Launch of Large Scale Primate Study of DXL625
6. Yongye Biotechnology International Retains CCG Investor Relations
7. ThirdBiotech Announces Kemeta as Newest Sponsor
8. Sinovac Biotech Ltd. Schedules 2007 Annual Meeting of Shareholders
9. Oncolytics Biotech Inc. Completes Dose Escalation in Combination REOLYSIN(R)/Docetaxel Trial
10. Yongye Biotechnology International Announces Conference Call to Discuss Second Quarter 2008 Results
11. China Kangtai Cactus Biotech Announces Record Second Quarter Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/19/2013)... June 19, 2013 Biotechnology industry pioneer Amgen ... financial software provider BlackLine Systems  and enterprise application ... ) for a webinar next week entitled "No Account ... BlackLine and SAP to Help Keep Its Account Reconciliations in ... ) The webinar, geared at finance, accounting, ...
(Date:6/19/2013)... Applied Rigaku Technologies, Inc. is pleased to ... of sulfur in ultra-low sulfur diesel (ULSD) using the ... analyzer . The analysis detailed in Rigaku Application Note ... This International Standard specifies an energy dispersive X-ray fluorescence ... in automotive gasoline. , Regulations around the world have ...
(Date:6/18/2013)... Clara, CA (PRWEB) June 18, 2013 ... to standard size SEMs but have limited performance and ... lower resolution. Full size SEMs would normally provide better ... more knowledge to operate and have a higher cost ... address the gap between these two types of ...
(Date:6/18/2013)... June 18, 2013 (PRWEB) June 18, 2013 ... and attendance system in North America, has introduced ... employee data and payroll records between ExakTime’s software ... automates ExakTime software setup and keeps employee ... employee data from a business’ current payroll software, ...
Breaking Biology Technology:Amgen Joins BlackLine Systems, SAP for Webinar on Automating Account Reconciliations 2Amgen Joins BlackLine Systems, SAP for Webinar on Automating Account Reconciliations 3Amgen Joins BlackLine Systems, SAP for Webinar on Automating Account Reconciliations 4Rigaku Publishes New Application Note for Analysis of ULSD Per ISO 13032 2Nanounity Introduces the Pemtron Range of Compact Scanning Electron Microscopes 2Nanounity Introduces the Pemtron Range of Compact Scanning Electron Microscopes 3ExakTime Introduces AccountLinx Plus 2
... L.P. ("BVF") today announced that PROXY Governance, widely recognized as ... vote for all BVF Proposals on the GOLD proxy card ... AVGN ) to be held on March 27, 2009.In its ... dissidents (BVF) must clear a high bar to justify a ...
... BOSTON, March 23 PAREXEL International Corporation (Nasdaq: ... services provider, today announced that the Company has ... Award from BioSingapore, an industry association for life ... of Singapore. The award was presented to PAREXEL ...
... Peregrine Pharmaceuticals, Inc. (NASDAQ: PPHM) today reported publication ... supports the broad anti-viral potential of the company,s ... PS-targeting drug bavituximab can cure lethal virus infections ... is in clinical trials for the treatment of ...
Cached Biology Technology:Leading Advisory Firm, PROXY Governance, Recommends Avigen Shareholders Vote on GOLD Card to Remove Incumbent Directors and Elect BVF's Stockholder-Oriented Nominees 2PAREXEL Receives BioSingapore Award for Best Performing CRO 2PAREXEL Receives BioSingapore Award for Best Performing CRO 3PAREXEL Receives BioSingapore Award for Best Performing CRO 4Nature Medicine study shows Peregrine's bavituximab can cure lethal virus infections 2Nature Medicine study shows Peregrine's bavituximab can cure lethal virus infections 3
(Date:6/19/2013)... Elsevier, a world-leading provider of scientific, technical and medical ... launch of a new open access journal, GeoResJ ... , Elsevier,s earth and planetary science journals portfolio has ... to provide a forum for rapid publication of top ... will be co-edited by six Executive Editors, each covering ...
(Date:6/18/2013)... At Brandeis University, sophisticated computational models and advances ... the complex interplay between genomic data, virus structure ... critical for replication. , "We ... will help researchers alter virus assembly, leaving viruses ... first author of the scientific paper describing the ...
(Date:6/18/2013)... MD, June 18, 2013: The Association for Molecular Pathology ... of American Societies for Experimental Biology (FASEB) on July ... membership on June 3, 2013. , The 26 ... and share a common vision for the advancement of ... biomedical and translational research is more important now than ...
Breaking Biology News(10 mins):Computer modeling technique goes viral at Brandeis 2
... an industry-supported program led by Stanford University ... its first research grants aimed at making utility-scale ... decade. A total of $7.5 million will ... partner institutions Stanford, UC-Berkeley, Lawrence Berkeley National Laboratory ...
... the largest reservoir in the United States, but users are ... average year, which threatens the water supply for agriculture and ... and Trade system of interstate water trading. The proposal, published ... (JAWRA), builds on the success of such an initiative in ...
... Sarnoff,s Iris on the Move® N-Glance™ identification system has ... OnGuard® software system. SRI is now a member of ... IOM N-Glance as a biometric product for Lenel access ... the required factory testing at Lenel to validate the ...
Cached Biology News:Bay Area PV Consortium announces $7.5 million in grants to lower the cost of large-scale solar 2Bay Area PV Consortium announces $7.5 million in grants to lower the cost of large-scale solar 3Bay Area PV Consortium announces $7.5 million in grants to lower the cost of large-scale solar 4Could cap and trade for water solve problems facing the United States' largest rivers? 2SRI Sarnoff's Iris on the Move® N-Glance™ Identification System Receives Lenel Factory Certification 2
... MagicMark and MagicMark XP Western ... easy and convenient protein molecular weight ... standard protein contains an IgG binding ... same antibody-conjugate reagents used to detect ...
... Immunogen: Synthetic peptide derived from ... (Jun activation domain-binding protein 1 ... the JAB1 protein. Reactivity: ... cell lysates). Applications: Western ...
...
Immunogen: Synthetic peptide (aa sequence is considered to be commercially sensitive) Storage: -20 C, Avoid Freeze/Thaw Cycles...
Biology Products: