CBF China Bio-Fertilizer AG
CBF China Bio‐Fertilizer AG: Q3 figures reflect a slightly improvement to Q2 2012
CBF China Bio-Fertilizer AG / Key word(s): Quarter Results PRESS RELEASE CBF China Bio‐Fertilizer AG: Q3 figures reflect a slightly improvement to Q2 2012 – Very profitable development despite a difficult market situation – Q3 best quarter in 2012
Hamburg, Germany, November 21, 2012 – CBF China Bio-Fertilizer AG remains very profitable despite of facing an ongoing negative economic environment. From January to September, CBF obtained sales revenues of EUR 7.88 million, which represents a decrease of 30.3 % (Q1-Q3 2011: 11.88 million EUR). Gross profit dropped to EUR 5.21 million (Q1-Q3 2011: EUR 8.22 million), as a consequence the gross margin fell to 66.1 % (Q1-Q3 2011: 72.7 %). The company is still operating very profitable and shows impressive financial figures, e.g. an equity ratio above 95%, no bank loans and cash or cash equivalents of more than EUR 1.8 million. Moreover, the forecast for full year 2012 published in September – sales revenues of EUR 8-10 million and a gross profit of EUR 5-7 million – will be reached.
Bacteria-based biological fertilizer
About CBF China Bio-Fertilizer AG 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.
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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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