Kiwa Bio-Tech Products Group Corporation Reports 217% Increase in 2016 Second Quarter Net Profit
(firmenpresse) - CLAREMONT, CA -- (Marketwired) -- 08/18/16 -- Kiwa Bio-Tech Products Group Corporation (OTCQB: KWBT): On August 18, 2016 Kiwa Bio-Tech Products Group Corporation ("Kiwa") reported its operating results for its second quarter ended June 30, 2016. For the second quarter, Kiwa reported revenue of $443,085 and net income of $181,975. For the first six months of fiscal 2016, Kiwa reported revenue of $710,095 and net income of $238,105.
Kiwa''s Acting President, Ms. Yvonne Wang, stated, "We are pleased to see that Kiwa has achieved revenue growth and profitability and is meeting or exceeding its business goals. We will strive to achieve continued growth in the foreseeable future."
For more information on Kiwa and its products, please refer to the Company''s website at or the Company filings with the United States Securities and Exchange Commission, available for free at .
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company''s reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company''s estimates as of the date of the press release, and subsequent events and developments may cause the Company''s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company''s estimates of its future financial performance as of any date subsequent to the date of this press release.
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Kiwa Bio-Tech Products Group Corporation
Yvonne Wang
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Datum: 18.08.2016 - 07:00 Uhr
Sprache: Deutsch
News-ID 1453390
Anzahl Zeichen: 2445
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CLAREMONT, CA
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Farming
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