CBF China Bio-Fertilizer AG
CBF China Bio‐Fertilizer AG published its annual report 2011
CBF China Bio-Fertilizer AG / Key word(s): Final Results
CBF China Bio‐Fertilizer AG published its annual report 2011 The company experienced an ambivalent business year in 2011. In the first half of 2011, the company benefited from a stable market environment. This scenario turned in the second half. As a result of unusual droughts and flooding in the southern part of China, coupled with increasing raw material prices, farmers of high-value crops, the main costumers of the company, stopped using or shorted the use of the company's products in order to save costs or reducing the risk of further losses. In total, the Company's overall sales increased, as announced in April, by 22% for the year up to a record of EUR 13.15 million (2010: EUR 10.8 million). Due to additional listing-related costs, total comprehensive profit increased under proportionally to EUR 5.90 million (2010: 5.42 million EUR). This represents basic earnings per share of EUR 0.78. Besides its profitable business model, the Company disposes of a very strong financial position. As per period end, it has cash balance of EUR 1.6 million, equity ratio amounted to 92% (2010: 90%). Furthermore, the company hasn't any bank loans.
Outlook In order to enhance the performance, the company discusses some measures, e.g. direct bulk sales to traditional fertilizer producers or the formation of consortium with companies with existing network of end users of the company's products. Bacteria-based biological fertilizer CBF's bio fertilizer primarily consist of two different bacteria that, when put in the ground with the conventional fertilizers convert phosphorus and potassium into a form that is easily absorbed by plants. Using this bio fertilizer reduces the need for chemical fertilizers by up to 30% and, depending on the type of plant, boosts crop yields by up to 30%.
Financial calendar 2012:
About CBF China Bio-Fertilizer AG CBF China Bio-Fertilizer AG ('CBF') produces and distributes bio fertilizer through its operating subsidiary in China. Based on its own estimates, the company is the market leader in the Chinese market for bio fertilizer. Its products reduce the use of conventional fertilizers and simultaneously boost crop yields. CBF is licensed by the Ministry of Agriculture of the People's Republic of China. The operating subsidiary of CBF 'Shandong Chengwu Jiuzhou Science and Technology Development Company Limited' was founded in Shandong Province, China, in 2005, with a view to exploiting biotechnological processes for agriculture. After three years of development work, in May 2009 the company launched its first bio fertilizer product based on microorganisms in the Chinese market under the brand name 'Xin Sheng Li'. At present CBF distributes its bio fertilizer in eleven of 26 Chinese provinces. The company intends to expand to further provinces. CBF currently sells its fertilizer directly to major agricultural cooperatives, plantations and wholesalers in China.
UBJ. GmbH Stefan Fritz, Tel.: +49 (0)40 6378 5410, stefan.fritz@ubj.de or go to www.chinabiofertilizer.com End of Corporate News 29.06.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | CBF China Bio-Fertilizer AG | |
Schopenstehl 22 | ||
20095 Hamburg | ||
Germany | ||
E-mail: | hwong@chinabiofertilizer.com | |
Internet: | www.chinabiofertilizer.com | |
ISIN: | DE000A0AFEV5 | |
WKN: | A0AFEV | |
Listed: | Entry Standard in Frankfurt | |
End of News | DGAP News-Service |
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