China Agri-Business Inc. reported earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company has posted revenue of $703,875, a decrease of 40% as compared to revenue of $1,182,746 for the quarter ended June 30, 2008. For the six months, the company has posted revenue of $1,173,447, a decrease of 23% as compared to revenue of $1,522,190 during the comparable period in 2008. Net income was $353,817 or $0.03 basic and diluted per share, a decrease of 55%, or $439,394, as compared to $793,211 or $0.06 basic and diluted per share for the six months ended June 30, 2008. The decrease in net income was primarily due to the decrease in sales, an increase in selling and marketing expenditures and an increase in non cash interest expense. The year over year decrease in sales is attributable to the continued negative impact of severe weather conditions in China during 2008 as well as the continued global financial crisis. Income from operations was $455,408 compared to $781,694 for the same period a year ago.

China Agri-Business Inc. announced earnings results for the first quarter ended March 31, 2009. For the quarter, the company's sales totaled $469,572, an increase of $130,128, or 38.3% as compared to sales of $339,444 for the same quarter ended March 31, 2008. Net income for the quarter was $106,916, a decrease of 8%, or $9,412, as compared to net income of $116,328 for the quarter ended March 31, 2008. The decrease is largely a result of a non cash interest expense of $56,582, which represents amortization expense related to the convertible notes issued by the company in September 2008. Basic and diluted earnings per share were $0.01 compared with $0.01 for the prior year quarter. Income from operations was $158,979 compared with $111,419 for the prior year quarter.

China Agri-Business Inc. reported earnings results for the year ended December 31, 2008. For the year, the company's revenue totaled $2,922,385, a decrease of 3.8% as compared to $3,037,414 for the year ended December 31, 2007. The company's operations were adversely affected by natural and weather related disasters that occurred in China in 2008, specifically severe winter weather conditions in January and February, a major earth quake on May 12 epic entered in Sichuan province, and widespread flooding in the central and southern regions in May and June, including the Hunan and Hubei provinces. Sales in each of these areas declined significantly. Income from operations was $1,375,635 compared to income from operations of $1,043,223 reported a year ago. The company reported net income of $1,345,339 or $0.10 per basic share as compared to $1,058,882 or $0.09 per basic share, respectively, for 2007. These increases are primarily attributed to the higher gross profit margin rate, lower professional fees, and lower general and administrative expenses in 2008 relative to 2007. The company announced that it was able to maintain its sales despite weather and natural disasters beyond its control.

CHINA AGRI-BUSINESS, INC. Files SEC form 10-Q, Quarterly Report

CHINA AGRI-BUSINESS, INC. Files SEC form 10-Q, Quarterly Report

Top 10 Chinese Microcaps

Opportunities in Cheap China Stocks

CHINA AGRI-BUSINESS, INC. Files SEC form 10-Q, Quarterly Report

China Agri-Business Initiates 'Fuqi Yingyang Fang' ('Lucky Seven Health Food') Branded Store Program