DGAP-News: CBF China Bio?Fertilizer AG: Q3 figures reflect a slightly improvement to Q2 2012
(firmenpresse) - DGAP-News: CBF China Bio-Fertilizer AG / Key word(s): Quarter Results
CBF China Bio?Fertilizer AG: Q3 figures reflect a slightly improvement
to Q2 2012
21.11.2012 / 09:52
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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 %).
However, the Q3-figures reflect a slight improvement compared to Q2 2012
which already was better than the first quarter 2012. Sales increased by
11.8% up to EUR 3.12 million (Q2 2012: EUR 2.79 million) and gross profit
grew considerably to EUR 2.18 million (+21.7%, Q2 2012: EUR 1.79 million),
resulting in a gross margin which slightly exceeds the threshold of 70%.
(Q2 2012: 64.4%). The increase in sales revenues and gross margin in Q3 was
mainly achieved because of a change in the sales mix. Due to seasonal needs
of farmers, more liquid products with a higher unit selling price and gross
margin were sold.
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
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%.
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.
For more information, pleasecontact:
UBJ. GmbH
Stefan Fritz, Tel.: +49 (0)40 6378 5410, stefan.fritz(at)ubj.de
or go to www.chinabiofertilizer.com
End of Corporate News
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21.11.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: CBF China Bio-Fertilizer AG
Schopenstehl 22
20095 Hamburg
Germany
E-mail: hwong(at)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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194142 21.11.2012
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Datum: 21.11.2012 - 09:52 Uhr
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News-ID 205727
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