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    DGAP-News CBF has continued its highly profitable growth in FY2010

    Nachrichtenquelle: EQS Group AG
     |  28.06.2011, 11:14  |  424 Aufrufe  |   | 


    DGAP-News: CBF China Bio-Fertilizer AG / Key word(s): Final Results
    CBF has continued its highly profitable growth in FY2010


    28.06.2011 / 11:14




    Hamburg, Germany, 28 June 2011 - In the financial year 2010 CBF China
    Bio-Fertilizer AG has continued its highly profitable growth. And with its
    successful listing in the Entry Standard of Deutsche Börse the Company has
    laid the foundations for further growth. The company already doubled its
    annual production capacity from 10,000 tonnes to 20,000 tonnes in early
    2011 and plans to increase it to 30,000 tonnes in the second half of 2011.

    ´We are pleased to present our first annual report as a listed company to
    our shareholders. The financial statements 2010 were subject to a voluntary
    audit, ´ comments Tao JIANG, CEO of CBF China Bio-Fertilizer AG. ´We are
    optimistic about our business performance in FY2011. We anticipate that the
    rapidly rising demand for our products combined with our increased
    production capacities will continue to fuel strong performances of our
    business.´

    As a result of increased sales volumes for both its liquid and powder
    products, the Company´s sales jumped by an impressive 140%. The sales in
    FY2010 reached a new record high of EUR 10.8 million, up from EUR 4.5
    million in FY2009. With increasing sales and stable production costs, the
    Company´s gross profit also increased by 140% from EUR 3.34 million in
    FY2009 to EUR 7.99 million in FY2010. The overall gross margin remained
    constant at 74% in FY2010 as compared to FY2009. Total comprehensive income
    increased from EUR 2.17 million in FY2009 to EUR 5.42 million in FY2010.

    As of 31 December 2010, the Company´s total net assets amounted to EUR
    10.93 million, representing an increase of 710% or EUR 9.58 million from 31
    December 2009. The significant increment was mainly due to the superb
    financial performance of the Company during the year and the capital
    increase from new shares issued at the IPO in December 2010. The robust
    financial performance, combined with the Company´s efforts to strengthen
    its balance sheet, generated a basic earnings per share of EUR 5.72 in
    FY2010.

    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 11 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, please contact:

    Kirchhoff Consult AG
    Janina Wismar, Tel.: +49 (0) 40 60 91 850, janina.wismar@kirchhoff.de
    or go to www.chinabiofertilizer.com

    Disclaimer

    This publication constitutes neither an offer for the sale of or an
    invitation to buy securities of CBF China Bio-Fertilizer AG.

    This document is not an offer for securities for sale in the United States
    of America. Securities may only be sold or offered for sale in the United
    States of America following their prior registration in accordance with the
    provisions of the U.S. Securities Act of 1933 as amended or, without prior
    registration, only on the basis of an exemption. The shares of CBF China
    Bio-Fertilizer AG are not and shall not be registered in accordance with
    the provisions of the U.S. Securities Act of 1933 as amended and are
    neither sold nor offered for sale in the United States of America.

    This document is only distributed to and targeted at (i) persons outside of
    the United Kingdom or (ii) professional investors pursuant to Article 19(5)
    of the Financial Services and Markets Act 2000 (Financial Promotion) Order
    2005 or (iii) companies with assets and other persons with assets pursuant
    to Articles 49(2)(a) to (d) of the Order (with these persons being referred
    to as ´qualified persons´). All securities referred to here are available
    to qualified persons only and any request, offer or agreement to obtain,
    purchase or acquire such securities by any other means shall only be made
    in relation to qualified persons. Individuals who are not qualified persons
    should under no circumstances take action on the basis of this information
    or its content.

    End of Corporate News




    28.06.2011 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                 
                 Deutschland                   
    E-mail:      hwong@chinabiofertilizer.com  
    Internet:    www.chinabiofertilizer.com    
    ISIN:        DE000A0AFEV5                  
    WKN:         A0AFEV                        
    Listed:      Entry Standard in Frankfurt   

    End of News    DGAP News-Service  

      
    129934 28.06.2011                                                      

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