China Kangtai Cactus Biotech Q2 Revenue Up 30% to Record $6.5M; Net Income Up 37% to $1.4M,...(future for our healthand wellness produc...),Health
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China Kangtai Cactus Biotech Q2 Revenue Up 30% to Record $6.5M; Net Income Up 37% to $1.4M, EPS $0.07
Date:8/13/2009
future for our health and wellness products, including nutraceuticals, nutritional food and drinks, and animal feed products. We expect continued improvement throughout the second half of 2009 as we focus our integration efforts on the March acquisition to further expand our production and distribution capacity."
In March, the company acquired the assets of Qitaihe Kangwei Biotechnology Co., Ltd. The purchase included the right to use 49,000 square meters of state-owned land in Qitaihe City, as well as housing, machinery, equipment, and related facilities. The purchase price was approximately $5.42 million.
About China Kangtai Cactus Biotech, Inc.
China Kangtai Cactus Biotech, Inc. is a leading grower, developer, producer, and marketer of cactus-derived products, including nutraceuticals, nutritious food, health and energy drinks, beer, wine and liquor, extracts and powders, and animal feed. China Kangtai controls over 387 acres of plants and maintains an active R&D group that holds 18 product patents and is seeking another 12. China Kangtai's high-quality "green" products are sold throughout China via a distribution network that covers 12 of China's 23 provinces and two of China's four municipalities. More information may be found at http://www.biocactus.com or via e-mail: chinakangtai@gmail.com .
An investment profile on China Kangtai Cactus Biotech Inc. is available at
http://www.hawkassociates.com/profile/ckgt.cfm . For an online investor
relations kit, visit '/>"/>
| SOURCE China Kangtai Cactus Biotech Inc. Copyright©2009 PR Newswire. All rights reserved |
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