CHIF - China Food and Beverage, Inc. Message Board

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Non-Tech : CHIF - China Food and Beverage, Inc.

CHIF 0.0178

0.0%

Oct 31 9:30 AM EST

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To: Turn Around Picks who wrote (79)	1/22/1999 2:09:00 PM
From: Turn Around Picks	of 127

1997 audited results reported 1,622,000 pre-tax profit and being CHIF status is a joint venture / foriegn company and with write-offs and such only paid 46,500 in tax leaving a net of 1,575,500. 1998 un-audited financials showed an increase $1.8 mil in pre-tax profit on almost $1 million more in Revenue $16.1 mil. Mr Tilton plans on an increase of 20% in production from the brewery in '99. CHIF will get 55% of the '99 earnings which based on '97 audited figures would equal about .18 cents a share .045 per quarter. Beer drinking is on the increase overseas as '98 #'s show so perhaps a 20% increase is within reach this year which would bring EPS to about .215 if met, and CHIF remains in similar tax-bracket.Good luck to all ! members.xoom.com

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