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    DGAP-News  611  0 Kommentare Sangui BioTech International Inc.: Lower revenues in the third quarter


    DGAP-News: Sangui BioTech International Inc. / Key word(s): Quarter
    Results
    Sangui BioTech International Inc.: Lower revenues in the third quarter

    15.05.2015 / 12:00

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    SanguiBioTech: Lower revenues in the third quarter

    Witten, Germany Mai 15, 2015 - For the nine months (as of March 31, 2015)
    of its 2015 financial year Sangui BioTech International, Inc. reports
    revenues from product sales and royalties in the amount of USD116,560, an
    increase of 29.9% over the revenues in the first nine months of the
    financial year 2014 when revenues amounted to USD89,741 (previous period
    numbers not adjusted for exchange rate changes). In the third quarter
    (January through March 2015) revenues amounted to USD11,654 a decrease of
    62.6% as compared with the most recent quarter(October through December
    2014). According to information provided by global licensee SastoMed GmbH
    revenues from license fees are expected to increase significantly over the
    remaining quarters of the calendar year after the slump of the March
    quarter.

    Research and development expenses amounted to USD171,427 (9M/2014:
    USD139,978). The increase is due to the preclinical trials which
    demonstrated the functionality of Sangui's technology with respect to the
    septic shock indication. The net loss attributable to shareholders of the
    parent company came to USD537,282 (9M/2014: USD1,257,727). In the
    respective period of the previous year, this position included the loss
    incurred from the write down of a loan extended to an unrelated party. The
    cash outflow from operations during the nine months amounted to USD445,557
    (9M/2014: USD452,192).

    As of December 31, 2014, the equity ratio was minus 113.6% (June 30, 2014:
    2.8%).

    In the course of the third quarter, the series of preclinical trials at
    Giessen University inview of the indication septic shock was concluded
    successfully. Sangui is currently preparing the next steps in the
    preclinical development of its SBT102 product. An essential sub-project
    will be the establishment of the final manufacturing process for the test
    substance and eventually for an industry scale production.

    Sangui BioTech International, Inc. ("SGBI") is a holding company the shares
    of which are being traded on the OTCQB venture stage marketplace for early
    stage and developing U.S. and international companies (OTCQB: SGBI).
    Companies are current in their reporting and undergo an annual verification
    and management certification process. Sangui shares also trade on the OTC
    markets of Berlin and Hamburg-Hannover stock exchanges (symbol: SBH). Its
    purpose is to provide financing and access to the capital markets for the
    enterprises of the Sangui group. SanguiBioTech GmbH is a ninety percent
    subsidiary of Sangui BioTech International, Inc.

    For more information please contact:

    Joachim Fleing
    Phone: +49 (179) 7963472
    Fax: +49 (2302) 915191
    e-mail: fleing@sangui.de



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    15.05.2015 Dissemination of a Corporate News, transmitted by DGAP - a
    service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    The DGAP Distribution Services include Regulatory Announcements,
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    Media archive at www.dgap-medientreff.de and www.dgap.de

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    357523 15.05.2015


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