16.02.2022 09:15:55
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DGAP-News: Sangui BioTech International Inc.: Significant increase in sales in the first half of the year - Further reduction of the operating loss
DGAP-News: Sangui Biotech International Inc.
/ Key word(s): Quarter Results
Sangui BioTech: - Significant increase in sales in the first half of the year
Hamburg, February 16 2022: In the first six months of fiscal year 2022 (to 30/06/2022) Sangui BioTech International Inc. achieved revenues from royalty income of USD 40,732. In the same period of the previous year the comparable revenue amounted to USD 30,572. Due to higher revenues of the wound spray Granulox, the resulting royalty income in the first six-month period of the year increased by 33% compared to the same period of the previous year. Across the fiscal year, royalty income per quarter increased by an average of 30% for the second time in a row, despite the adverse effects of the Covid-19 pandemic. The royalty income of USD 22,172 achieved in the second quarter of our fiscal year 2022 reached a level that was last realized before the outbreak of the Covid-19 pandemic. The royalty income received in the past calendar year 2021 was 70% higher than in calendar year 2019, the last calendar year before the outbreak of the Covid-19 pandemic. Operating expenses decreased USD 9,309 or 8% to USD 103,977 during the first half year of the year. As a result of the above factors, the six-month operating loss decreased USD 19,469 to USD 63,245. Due to the higher exchange rate of the US Dollar to the EURO compared to the previous year's reporting date and the resulting increased exchange rate gains from the valuation of loans denominated in EURO, the loss of the first half of the year decreased by USD 113,107 to USD 38,078. 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.
16.02.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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