DGAP-News: CBF China Bio?Fertilizer AG continued its growth story in 2011
(firmenpresse) - DGAP-News: CBF China Bio-Fertilizer AG / Key word(s): Preliminary
Results
CBF China Bio?Fertilizer AG continued its growth story in 2011
18.04.2012 / 10:24
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Hamburg, Germany, April 18, 2012 - CBF-China Bio-Fertilizer, the market
leader for bio fertilizer in China, showed a strong business development in
2011. According to preliminary figures, CBF increased its sales by 22 per
cent up to EUR 13.15m (119 Mio. RMB). Last year, the company redeemed an
amount of EUR 10.8m. As last year, the gross margin slightly exceeds 70 per
cent, gross profit amounts to EUR 9.3m (2010: EUR 8,0m) or EUR 1.32 / share
(2010: EUR 1.14 / share). These results equals very well the forecasted
figures issued on November 9th, 2011.
Reflecting 2011, the company showed a strong business development despite
struggling with some unexpected incidents, e.g. a challenging environment
for high-value crop farmers who represent the main clients of the company,
local authority driven delays in the construction of the new production
plant in Hainan and increasing costs for raw materials. Regarding these
effects, EBIT should turn out a bit lower than expected in November but
significantly higher than 2010. Nevertheless, the management board is very
comfortable with the company performance in 2011. Final figures and a first
outlook 2012 will be published in early June.
Due to the fact that the production capacity of the company is sufficient
for meeting the current demand, the construction of the Hainan plant has
been postponed to the second half of this year.
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%.
Financial calendar 2012:
Publication of the annual report: Early June 2012
Annual General Meeting: August, 2012
Publication Q3 figures: October, 2012
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, please contact:
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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18.04.2012 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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165411 18.04.2012
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