Press Release Source: China Organic Agriculture, Inc.
China Organic Agriculture Issues Revenue and Earnings Guidance
Tuesday November 25, 4:01 pm ET
LOS ANGELES & LIAONING, China--(BUSINESS WIRE)--China Organic Agriculture, Inc. (OTCBB: CNOA - News), an international diversified premium food products company capitalizing on China's burgeoning domestic consumer demand, today announced revenue and earnings guidance for fourth quarter 2008 and Fiscal Year 2008, ending December 31, 2008, with estimates exceeding all previous revenue and net income results for the Company.
Projected Guidance for Q4 and FY08:
* Q408 revenue of $54 million (vs. $15.7 million Q407), or an approximate 240% Quarter Over Quarter Revenue Increase
* FY08 revenue $113 million (vs. $44.5 million FY07), or an approximate 150% Year Over Year Revenue Increase
* Q408 net income $11 million (vs. $3.9 million Q407), or an approximate 180% Quarter Over Quarter Net Income Increase
* FY08 net income $20 million (vs. $13.5 million FY07), or an approximate 40% Year Over Year Net Income Increase
* Q408 EPS of $0.15 and FY08 EPS of $0.29 |
