ABC - OVERSOLD Crazy Markets $38 Million Market Cap Today @
.45....Stock Fell in Half During August........ON SALE !!!!
ABC Closed
$10 MILLION EQUITY FINANCING in February @ $1.40 per Share.
Company recently secured a contract valued at over $70 million per year for the supply of starch to Zhaoqing Huanfa Bio Tech Ltd., one of the largest sweetener producers in China.
Asia Bio-Chem Group Corp. Announces Second Quarter 2011 Financial Results
TORONTO, Aug. 11, 2011 /CNW/ - Asia Bio-Chem Group Corp. (TSX: ABC) ("Asia Bio-Chem" or the "Company") today announced its interim financial statements for the three-month and six-month periods ending June 30, 2011.
Interim Financial Results
Highlights
Record revenues of $68.7 million in the second quarter and $119.8 million in the first half of 2011.
Strong starch and germ prices contributed to a 20.7% improvement in sales during the second quarter of 2011 to $68.7 million compared with the same period in 2010.
$14.8 Million Cash and $197,5 Million in assets.
