Emerald Dairy Reports Net Income Rose for 3rd Quarter 2009; Nine-month Income Reached $3.7 Million, Up From $1.5 Million for Same Period in 2008

RESTON, Va., Nov. 16 /PRNewswire-Asia-FirstCall/ -- Emerald Dairy, Inc. ("Emerald Dairy" or the "Company") (OTC Bulletin Board: EMDY - News), a leading producer and distributor of infant and children's formula, milk powder and soybean products in China, today announced net income rose for the third fiscal quarter and first nine months ended September 30, 2009. Net income for the three-month period ended September 30, 3009 rose to $884,625, up from $808,067 for the same period in 2008. For the nine-month period ended September 30, 2009, net income rose to $3,700,467 from $1,509,235 for the same period in 2008.Sales revenues decreased from $11,221,019 in the third quarter of 2008 to $10,158,004 for the 2009 third quarter. Sales for the nine months totaled $31,261,491, compared to $32,560,256 for the same period in 2008. The decrease was primarily attributable to the decrease in the Company's subcontracting activities as it continued to adjust its sales mix to focus on production of higher margin products. These products take longer to package resulting in a slight reduction in the Company's output. Net income was not impacted as the Company continued to adjust its product mix to focus on higher margin products in fiscal 2009.Cost of goods sold for the quarter decreased to $5,569,598 from $6,552,835 for the same period in 2008. For the nine-month period, cost of goods sold decreased to $17,057,583 in 2009 from $19,845,232 in 2008. This decrease was directly related to the Company's reduction in subcontracting...
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EMERALD DAIRY INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward Looking Statements This Quarterly Report on Form 10-Q contains "forward-looking statements" that involve substantial risks and uncertainties. You can identify such statements by forward looking words such as "may," "expect," "plans," "intends," "anticipate," "believe," "estimate," and "continue" or similar words. Such statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. Our plans and objectives are based, in part, on assumptions involving the continued growth and expansion of our business. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance the forward-looking statements included in this Report will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. Overview We are a producer of milk powder, rice powder and soybean milk powder, which currently comprise approximately 95%, 3% and 2% of our sales, res...
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EMERALD DAIRY INC Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue10,247  10,857  11,765  11,221  Cost of Revenue5,639  5,849  6,701  6,553  Gross Profit4,608  5,008  5,064  4,668  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative3,074  3,027  3,813  3,319  Non Recurring -   -   -   -  Others43  43  41  42  Total Operating Expenses -   -   -   -  Operating Income or Loss1,491  1,938  1,209  1,307  Income from Continuing OperationsTotal Other Income/Expenses Net2  1  1  2  Earnings Before Interest And Taxes1,493  1,939  1,210  1,309  Interest Expense(48)48  152  232  Income Before Tax1,541  1,891  1,059  1,078  Income Tax Expense278  338  253  270  Minority Interest -   -   -   -  Net Income From Continuing Ops1,263  1,553  805  808  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   ...
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EMERALD DAIRY INC Files SEC form 8-K, Unregistered Sale of Equity Securities

Show all filings for EMERALD DAIRY INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for EMERALD DAIRY INC 20-Aug-2009Unregistered Sale of Equity Securities Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not ...
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EMERALD DAIRY INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward Looking Statements This Quarterly Report on Form 10-Q contains "forward-looking statements" that involve substantial risks and uncertainties. You can identify such statements by forward looking words such as "may," "expect," "plans," "intends," "anticipate," "believe," "estimate," and "continue" or similar words. Such statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. Our plans and objectives are based, in part, on assumptions involving the continued growth and expansion of our business. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance the forward-looking statements included in this Report will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. Overview We are a producer of milk powder, rice powder and soybean milk powder, which currently comprise approximately 95%, 3% and 2% of our...
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EMERALD DAIRY INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward Looking Statements This Quarterly Report on Form 10-Q contains "forward-looking statements" that involve substantial risks and uncertainties. You can identify such statements by forward looking words such as "may," "expect," "plans," "intends," "anticipate," "believe," "estimate," and "continue" or similar words. Such statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. Our plans and objectives are based, in part, on assumptions involving the continued growth and expansion of our business. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance the forward-looking statements included in this Report will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. Overview We are a producer of milk powder, rice powder and soybean milk powder, which currently comprise approximately 95%, 3% and 2% of our...
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EMERALD DAIRY INC Files SEC form 10-K, Annual Report

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation. The financial and business analysis in this Annual Report on Form 10-K (the "Report") provides information we believe is relevant to an assessment and understanding of our financial condition and results of operations. The following discussion should be read in conjunction with our consolidated financial statements and related notes included in Part II, Item 8 of this Report. Overview We are a producer of milk powder, rice powder and soybean milk powder, which currently comprise approximately 95%, 3% and 2% of our sales, respectively. Through our network of over 800 salespeople, our products are distributed throughout 20 provinces in the People's Republic of China ("PRC"), and sold in over 5,800 retail outlets. Our products are marketed under two brand names: · "Xing An Ling," which is designed for low-end customers; and · "Yi Bai," which is designed for middle and high-end customers. The Chinese government has initiated programs to promote milk consumption and is providing incentives to increase dairy production. The dairy market today in China is over $13.0 billion and is expected to grow at a rate of 15% per year for the foreseeable future. We focus on the infant formula segment of the market, which is expected to grow even faster, at a rate of approximately 23% through 2011. Currently, it is estimated that demand for infant formula in China outstrips supply by at least 2-to-1. We have received an Infant & Baby Formula Milk Powder Production Permit from the State General Administration of Quality Supervision and Inspection and Quarantine of the PRC. Only current license holders are permitted to produce formula milk powder in China. In addition, we have received a Product Exemption from Quality Surveillance Inspection waiver from the State General Administration. Only companies that have passed their p...
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EMERALD DAIRY INC Files SEC form 8-K, Termination of a Material Definitive Agreement, Unregistered Sale of Equity Sec

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officer; Compensatory Arrangements of Certain Officers On March 2, 2009, the Company's board of directors and majority stockholders adopted the Emerald Dairy Inc. 2009 Equity Incentive Plan (the "Plan") to attract and retain the best available personnel, provide additional incentives to employees, directors and consultants and promote the success of the Company's business. 1,500,000 shares of the Company's common stock have been reserved for issuance under the Plan. The following paragraphs describe the principal terms of the Plan. Types of Awards The Company may grant the following types of awards under the Plan: · options to purchase shares of the Company's common stock; · share appreciation rights, which entitle the grantee the right to common stock or cash compensation measured by the appreciation in the value of the shares; · dividend equivalent rights, which entitle the grantee to compensation equivalent to dividends paid with respect to common stock; · restricted shares, which are shares of common stock issued to the grantee that are subject to transfer restrictions, right of first refusal, repurchase, forfeiture, and other terms and conditions as established by our plan administrator; · restricted share units, which may be earned upon the passage of time or the attainment of performance criteria and which may be settled for cash, common stock or other securities, or a combination of cash, common stock or other securities as established by the plan administrator; · share payments, which may be (a) payments in the form of common stock; or (b) options or other rights to purchase common stock, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation; and · deferred shares, which are rights to receive a specified number of shares of common st...
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EMERALD DAIRY INC Files SEC form 10-Q/A, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward Looking Statements This Quarterly Report on Form 10-Q contains "forward-looking statements" that involve substantial risks and uncertainties. You can identify such statements by forward looking words such as "may," "expect," "plans," "intends," "anticipate," "believe," "estimate," and "continue" or similar words. Such statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. Our plans and objectives are based, in part, on assumptions involving the continued growth and expansion of our business. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance the forward-looking statements included in this Report will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. Overview We are a producer of milk powder, rice powder and soybean milk powder, which currently comprise approximately 96%, 2% and 2% of our sales, res...
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EMERALD DAIRY INC Files SEC form 10KSB/A, Annual Report

Item 6. Management's Discussion and Analysis of Financial Condition and Results of Operation. The financial and business analysis in this Annual Report on Form 10-KSB (the "Report") provides information we believe is relevant to an assessment and understanding of our financial condition and results of operations. The following discussion should be read in conjunction with our consolidated financial statements and related notes included in Part II, Item 7 of this Report. Overview We are a producer of milk powder, rice powder and soybean milk powder, which currently comprise approximately 96%, 2% and 2% of our sales, respectively. Through our network of over 600 salespeople, our products are distributed throughout 20 provinces in the PRC, and sold in over 5,600 retail outlets. Our products are marketed under two brand names: · "Xing An Ling," which is designed for low-end customers; and · "Yi Bai," which is designed for middle and high-end customers. The Chinese government has initiated programs to promote milk consumption and is providing incentives to increase dairy production. The dairy market today in China is over $13.0 billion and is expected to grow at a rate of 15% per year for the foreseeable future. We focus on the infant formula segment of the market, which is expected to grow even faster, at a rate of approximately 17% through 2010. Currently, it is estimated that demand for infant formula in China outstrips supply by at least 2-to-1. We have received an Infant & Baby Formula Milk Powder Production Permit from the State General Administration of Quality Supervision and Inspection and Quarantine of the PRC. Only current license holders are permitted to produce formula milk powder in China. In addition, we have received a Product Exemption from Quality Surveillance Inspection waiver from the State General Administration. Only companies that have passed their product quality inspections for five con...
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