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American Oriental Bioengineering Reports Fourth Quarter and Full Year 2007 Financial Results
Date:3/6/2008

- Revenue Increased 39.0% to $57.3 Million in 4Q07 and 45.7% to $160.5

Million in FY07 - 4Q07 Net Income Increased 39.7% to $15.2 Million, or $0.20 per Diluted

Share - FY07 Net Income Increased 48.3% to $43.3 Million, or $0.61 per Diluted

Share

- Company Provides Financial Outlook for 1Q08

NEW YORK, March 6 /PRNewswire-FirstCall/ -- American Oriental Bioengineering, Inc. (NYSE: AOB), a leading manufacturer and distributor of pharmaceutical and nutraceutical products, today announced financial results for the fourth quarter and fiscal year ended December 31, 2007.

Revenue in the fourth quarter of 2007 increased 39.0% to $57.3 million from $41.3 million in the fourth quarter of 2006, reflecting continued demand for the Company's core prescription and OTC pharmaceutical products, as well as $4.2 million and $3.2 million from the CCXA and Boke acquisitions, respectively. Revenue from pharmaceutical products increased 51.9% to $47.8 million from $31.5 million in the prior year's fourth quarter, driven by increased demand for Shuanghuanglian Injection Powder, Jinji Series of products, Cease Enuresis Soft Gel and Patch. Prescription pharmaceutical products generated $22.2 million in revenue during the fourth quarter, up 48.9% year over year, and OTC pharmaceutical products generated $25.6 million in revenue during the fourth quarter, up 54.6% year over year. Nutraceutical products generated $9.6 million of revenue in the fourth quarter of 2007 compared to $9.8 million in the fourth quarter of 2006. Nutraceutical products generated 17% of revenue in the fourth quarter of 2007 compared to 24% in the same period
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SOURCE American Oriental Bioengineering, Inc.
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