Navigation Links
Yongye Biotechnology Announces Preliminary Results for Fiscal Year 2008
Date:2/16/2009

BEIJING, Feb. 16 /PRNewswire-Asia-FirstCall/ -- Yongye Biotechnology International, Inc. (OTC Bulletin Board: YGYB; "Yongye" or the "Company"), a leading producer and distributor of plant and animal nutrient products located in the People's Republic of China, today announced preliminary financial results for its fiscal year ended December 31, 2008.

Based upon preliminary financial data that have not yet been reviewed by its independent auditors, Yongye expects net revenue for its fiscal year 2008 to be between $45 million and $47 million, up from $13.1 million in fiscal year 2007, with product sales of over 500,000 units of both plant and animal product. The Company had remarkable revenue growth primarily because of the rapid expansion of Yongye's sales network of branded stores. In 2008, Yongye added an additional 575 independently owned agricultural product stores to its branded store network in its existing markets, bringing its total number of stores from 200 at the end of 2007 to 775 at the end of 2008. In the fourth quarter of 2008, the Company accepted into the network, on a trial basis, another 350 existing, independently owned stores which will allow the Company to assess sales at each store and help it decide whether or not to make each store a Yongye branded store.

The Company expects its gross profit for fiscal year 2008 to be between $23-24 million, with an approximate 50%-51% gross margin, compared to $5.9 million with 44.6% gross margin in 2007. Gross margin increased mainly because of cost efficiencies resulting from economies of scale associated with increased production, and more stable product prices. Net income for fiscal year 2008 is expected to be in the range of $10 million to $11 million, with and approximate 23.0%-24% net margin, up from $4.4 million in 2007 which is a decrease in net margin from 33% in 2007.

"Yongye reached some significant milestones in 2008. Stron
'/>"/>

SOURCE Yongye Biotechnology International, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related biology technology :

1. Yongye Biotechnology to Host Virtual Retail Road Show to Provide Overview of the Company in English and Mandarin
2. Yongye Biotechnology International to Expand its Network of Branded Stores
3. Yongye Biotechnology to Present at Roth Conference
4. Yongye Biotechnology Announces Record Third Quarter Results
5. Yongye Biotechnology to Present at Roth Capital China Comes to Vegas Conference
6. Letter to Shareholders from the CEO and Chairman of the Board of Yongye Biotechnology, Inc.
7. Yongye Biotechnology International Raises $9.4 Million in Private Placement
8. Yongye Biotechnology International Announces Second Quarter Results
9. Yongye Biotechnology International Announces Conference Call to Discuss Second Quarter 2008 Results
10. Yongye Biotechnology International Retains CCG Investor Relations
11. Yongye Biotechnology International, Inc. Appoints New Independent Auditor
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/22/2014)... Surrey have discovered how the receptors responsible for contractions ... The new study, published today in The FASEB ... turn regulates the cycle of all cells in the ... local biological clock and its control are weakened in ... bladder physiology and ageing. , While currently ...
(Date:8/22/2014)... investigated for application as catalysts, sensors, drug ... in photonics and molecular electronics. Gaining knowledge ... physical and chemical properties, has been challenging. ... demonstrated that high-resolution electron microscopy can be ... which all gold atoms are observed. The ...
(Date:8/22/2014)... , Aug. 22, 2014 Research and ... "Global and China Gel Permeation Chromatography (GPC) Industry Report ... The Global and China Gel Permeation Chromatography (GPC) Industry ... current state of the global gel permeation chromatography industry ... report provides a basic overview of the industry including ...
(Date:8/22/2014)... August 22, 2014 Nerium International, ... is in the spotlight again. Nerium will showcase ... its NeriumFirmTM Body Contouring Cream to Hollywood’s elite ... Creations during the 66th Primetime Emmy® Awards. , ... extract, third-party clinical trials show that NeriumAD night ...
Breaking Biology Technology:Treatment for overactive bladder and irritable bowel syndrome advanced through pioneering research 2A breakthrough in imaging gold nanoparticles to atomic resolution by electron microscopy 2Global and China Gel Permeation Chromatography (GPC) Industry Report 2014 2Nerium International Joins Television’s Biggest Stars at Backstage Creations Giving Suite at the 66th Primetime Emmy Awards 2Nerium International Joins Television’s Biggest Stars at Backstage Creations Giving Suite at the 66th Primetime Emmy Awards 3
... (Nasdaq: GENR ) today announced that Jack Armstrong, ... present at the 2007,RBC Capital Markets Healthcare Conference. The ... of diabetes and obesity, entitled,"The Pharmaceutical Sweet Spot: Diabetes ... Thursday, December 13 at 10:00 a.m. ET., ...
... MYL ),today announced that Mylan Pharmaceuticals Inc. has ... (FDA) for its,Abbreviated New Drug Application (ANDA) for Lamotrigine ... Lamotrigine Tablets are the generic version of GlaxoSmithKline,s,Lamictal(R) ... the 12 months ending Sept. 30, 2007., Mylan ...
... LUMEDX Corporation, the market,leader in providing fully ... Performance Management System(TM),cardiology software that translates complex ... actionable information. CardioManager,s,performance dashboards and on-demand reporting ... and the ability to drill down for ...
Cached Biology Technology:New Cardiology Software Helps Heart Centers Manage for Optimal Clinical Performance 2
(Date:8/21/2014)... A new study of American singles found that ... the highest orgasm rates. On average, men experience ... sexual orientation making little difference. For women, however, ... experience orgasm 62.9 percent of the time during ... pattern varies with women,s sexual orientation, with lesbian ...
(Date:8/21/2014)... 2014 /PRNewswire-iReach/ -- LiveScan Service Provider  Binary ... a partnership with Gabriel Health Institute, one of ... Certified Nursing Assistant preparatory schools. The agreement ... member of Binary,s LiveScan service provider,s owner/operator team; ... its service capabilities by widening the service ...
(Date:8/21/2014)... of the water window? It consists of radiations in ... absorbed by the water in biological tissues. New theoretical ... radiations within the water window. These could be the ... image of the biological samples or to be used ... the physical mechanism needed to efficiently generate the harmonic ...
Breaking Biology News(10 mins):Orgasm rates for single women less predictable than men's, vary by sexual orientation 2Orgasm rates for single women less predictable than men's, vary by sexual orientation 3Orgasm rates for single women less predictable than men's, vary by sexual orientation 4LiveScan Provider Binary Biometrics Announces Partnership with Preeminent CNA School, Gabriel Health Institute to Expand Services in Orlando Region 2LiveScan Provider Binary Biometrics Announces Partnership with Preeminent CNA School, Gabriel Health Institute to Expand Services in Orlando Region 3Water window imaging opportunity 2
... NEW YORK (July 27, 2011) A paper ... illegal trade in wildlife parts conducted by organized crime, coupled with antiquated ... and elephants on a scale never before seen. , ... June 7 on the online issue of the journal Oryx , ...
... gastric bypass, the most common type of bariatric surgery ... effective therapy for morbid obesity. Patients who undergo this ... small pouch and connected to the middle of the ... the reasons behind this surgery,s success have been unclear. ...
... low-birth-weight children, the rates of chronic health conditions overall, and ... and 14 years, although the rate of obesity did increase, ... JAMA . Changes in perinatal care in the ... (weight less than 2.2 lbs.). "The school-aged outcomes ...
Cached Biology News:Organized crime is wiping out wildlife 2Study suggests weight loss from gastric bypass may be partly due to dietary fat aversion 2Study suggests weight loss from gastric bypass may be partly due to dietary fat aversion 3Rate of chronic health problems for low-birth-weight children does not increase in adolescence 2
... continuous vertical flow of 99.99% particle-free air ... standards , Stainless steel enclosure ... , Large, ergonomically sloped polycarbonate viewing ... filling machines or other large process equipment ...
... biocompatibility testing at various temperatures, this ... through a clean heating unit to ... to 140F. Transparent panels allow full ... easy access to the work area. ...
Ideal for chemical processing that requires downward flow of exhaust fumes. Powderful 1200 CFM blower draws fumes into sub-surface bonded charcoal filter for safe removal of organic vapors (final HEP...
... The Label IT siRNA Tracker Intracellular Localization ... directly label and deliver siRNA, of your ... for in vitro tracking experiments. Subcellular localization ... can be monitored following introduction of the ...
Biology Products: