23.10.2017 16:00:26
|
DGAP-News: Sangui Biotech International Inc.
DGAP-News: Sangui BioTech International Inc. / Key word(s): Final Results
The cost - cutting - and liability - protection program adopted during the last year also had an effect in the reporting period: In fiscal year 2017, operating business expenses were reduced by a further USD 24,861 or 6% to USD 383,759. As a result of this, the operating loss of the fiscal year 2017 decreased compared to the prior year by USD 44,105 to USD 316,799. Accordingly, the cash position of the Company during the reporting period improved. The sales of Granulox are subject to seasonal fluctuations. Thus, a strong end-of-year business was recorded in the second quarter of fiscal year 2017. In the third quarter and fourth quarter of fiscal year 2017, sales of Granulox and royalty income did not reach the level of the second quarter as planned. For the full calendar year 2017, however, the company is still expecting the increase in sales of Granulox and corresponding royalty revenues. Sangui BioTech International, Inc. ("SGBI") is a holding company the shares of which are being traded on the OTCQB venture stage marketplace for early stage and developing U.S. and international companies (OTCQB: SGBI). Companies are current in their reporting and undergo an annual verification and management certification process. Sangui shares also trade on the OTC markets of Berlin and Hamburg-Hannover stock exchanges (symbol: SBH). Its purpose is to provide financing and access to the capital markets for the enterprises of the Sangui group. SanguiBioTech GmbH is a ninety percent subsidiary of Sangui BioTech International, Inc. For more information please contact: Some of the statements contained in this news release discuss future expectations, contain projections of results of operation or financial condition or state other "forward-looking" information. These statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on various factors and is derived using numerous assumptions. Important factors that may cause actual results to differ from projections include, among many others, the ability of the Company to raise sufficient capital to meet operating requirements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," and variations of such words and similar expressions are intended to identify such forward-looking statements. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
23.10.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
621625 23.10.2017
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Sangui Biotech International Inc.mehr Nachrichten
Keine Nachrichten verfügbar. |