Or...Enter your Email


Useful Sites



[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]




China Organic Agriculture Inc. (CNOA.OB) Posts Impressive Q3 Results, Fueled by Distribution Expansion and Strategic Acquisition

QualityStocks (November 12th, 2008) Writes:

China Organic Agriculture Inc. (OTCBB: CNOA) is an aggressive agricultural products trader in China – the company has designed its business plan to allow it to capitalize on China’s growing economy and consumer sector. The company today announced its operating results for the third quarter and nine months ended September 30, 2008, posting triple-digit growth in net sales and net income.

China Organic attributes the increases to expansion of distribution operations and its decision to purchase rice from other rice producers and then selling it to retailers and wholesalers. Net sales for the third-quarter of 2008 were $47.2 million, up 111 percent from the $22.4 million posted for the third quarter of last year. For the nine-month period, net sales were $58.4 million, up 103 percent as compared to $28.8 million for the same nine months of 2007.

The company reported net income of $8.3 million for the third

...

China Organic Agriculture Inc. (CNOA.OB) Announces Completion of Strategic Acquisition to Gain Foothold in China’s Agricultural Market

QualityStocks (October 31st, 2008) Writes:

China Organic Agriculture Inc. (OTCBB: CNOA) trades agricultural products in China and has established a business plan that will enable it to capitalize on China’s growing consumer class. The company today announced the $10.6 million acquisition of 60% of Dalian Huiming Industry Ltd., a major agricultural trading company with a wide distribution, which will allow China Organic to boost its distribution capabilities.

“The completion of this acquisition marks an important milestone in the history of China Organic Agriculture,” Jinsong Li, China Organic’s CEO stated in the press release. “We’re now able to focus on the successful integration of Dalian Huiming into CNOA’s operations, allowing us to expand distribution channels and diversify our product offerings.”

As one of the top-tier agricultural trading companies in the Northeast provinces of China, Dalian Huiming focuses on China’s major agricultural products, including soybeans, corn and cereal crops. The company’s success helped it achieve revenue of

...

China Organic Agriculture Inc. (CNOA.OB) Announces Completion of Strategic Acquisition to Gain Foothold in China’s Agricultural Market

QualityStocks (October 31st, 2008) Writes:

China Organic Agriculture Inc. (OTCBB: CNOA) trades agricultural products in China and has established a business plan that will enable it to capitalize on China’s growing consumer class. The company today announced the $10.6 million acquisition of 60% of Dalian Huiming Industry Ltd., a major agricultural trading company with a wide distribution, which will allow China Organic to boost its distribution capabilities.

“The completion of this acquisition marks an important milestone in the history of China Organic Agriculture,” Jinsong Li, China Organic’s CEO stated in the press release. “We’re now able to focus on the successful integration of Dalian Huiming into CNOA’s operations, allowing us to expand distribution channels and diversify our product offerings.”

As one of the top-tier agricultural trading companies in the Northeast provinces of China, Dalian Huiming focuses on China’s major agricultural products, including soybeans, corn and cereal crops. The company’s success helped it achieve revenue of

...

Newsletter

First Name:

Email:


More Options

No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.