China Dasheng Biotechnology Company (CDBT.OB) Pre-Announces Fiscal Year 2009 Second Quarter Earnings
11 February 2009 - 12:00AM
PR Newswire (US)
-- Estimated FY Q2 2009 sales of $5.66 million increased 20.2%
compared to FY Q2 2008. -- Estimated FY H1 2009 sales of $10.77
million increased 39.5% compared to FY H1 2008. -- Estimated FY Q2
2009 net income of $2.02 million increased 13.4% compared to FY Q2
2008. NEW YORK, Feb. 10 /PRNewswire-Asia-FirstCall/ -- China
Dasheng Biotechnology Company (OTC:CDBT) (BULLETIN BOARD: CDBT)
("China Dasheng" or "the Company"), a leading producer and
distributor of organic bacteria based additives for crops and
livestock feeds, today announced that it expects to report fiscal
year 2009 second quarter net sales of approximately $5.66 million.
In comparison to the $4.70 million in net sales reported during the
same period of 2008, this represents an increase of 20.2%. For the
first half of fiscal year 2009, the Company expects to report net
sales of approximately $10.77 million, an increase of 39.6%
compared to the same period during fiscal year 2008. "Higher than
expected strength in our sales volume was the primary reason for
the growth in our second quarter results," said Mr. Jinjun Qi,
chairman of the board of directors. "While we have continued to
expand and develop our present distribution networks, our products
are gaining more acceptance in the marketplace. Meanwhile, we are
also exploring potential business acquisition opportunities within
the agriculture industry." "We are expecting to report net income
of about $2.02 million for the second quarter of fiscal year 2009
and net income of about $3.01 million for the first half of fiscal
year 2009. We will provide more details regarding the quarter and
our outlook for the rest of the year in our quarterly report which
will be filed shortly." Mr. Qi continued, "We also feel very
excited about the opportunities for expansion in 2009." About China
Dasheng Biotechnology Company China Dasheng Biotechnology Company,
a leading producer and distributor of organic bacteria based
additives for crops and livestock feeds through its three
subsidiary segments, Gansu Dasheng Biotechnology Company, Hainan
Lushen Biology Technology Company and Yangling Elemiss Foods
Company, operates within the biological products and fertilizer
agents market including organic fertilizers, non-chemical agents,
and biological agents based additives. The major product line of
AM/HM biological bacterial crop and live stock feed additive were
certified by the China Green Product Development Center as a "Grade
A Green Food Raw Material." Safe Harbor Statement The statements
contained herein that are not historical facts are "forward-looking
statements" within the meaning of Section 21E of the Securities and
Exchange Act of 1934, as amended, and the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements may
be identified by, among other things, the use of forward-looking
terminology such as "believes," "expects," "may," "will," "should,"
or "anticipates" or the negative thereof or other variations
thereon or comparable terminology, or by discussions of strategy
that involve risks and uncertainties. In particular, our statements
regarding the potential growth of the markets are examples of such
forward-looking statements. The forward-looking statements include
risks and uncertainties, including but not limited to, general
economic conditions and regulatory developments, not within our
control. The factors discussed herein and expressed from time to
time in our filings with the Securities and Exchange Commission
could cause actual results and developments to be materially
different from those expressed or implied by such statements. The
forward-looking statements are made only as of the date of this
filing, and we undertake no obligation to publicly update such
forward-looking statements to reflect subsequent events or
circumstances. For more information, please contact: James Gao,
Vice President Investor Relations Tel: +1-908-938-2025 DATASOURCE:
China Dasheng Biotechnology Company CONTACT: James Gao, Vice
President of Investor Relations, +1-908-938- 2025
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