Company Profile For China Biodiesel International Holding Co. LTD

China Biodiesel International Holding Co. LTD (CBI.L) (London Stock Exchange)

sector: Basic Materials · industry: Chemicals - Commodity ·

As of 25 Nov 2009

10.25GBp

Price Change

+0.00

Percent Change

+0.00%

Analyst Recommendations

Overview

China Biodiesel International Holding Co., Ltd. is a United Kingdom-based renewable energy company focused on the research and development, production and marketing of biodiesel as a substitute for diesel or petrochemical chemicals. The Company also provides consultation services in the bio-energy field. Its lead product is Biodiesel, a renewable, non-fossile fuel alternative to mineral diesel. It is produced from a variety of oils, including used cooking oil or any animal or vegetable oils in origin. Its sideline products include oleic acid methyl ester, C16C18 fatty acid methyl ester and coconut oil methyl ester.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 December 2008, China Biodiesel International Holdings Co. Ltd's revenues increased 32% to RMB164.2M. Net income decreased 75% to RMB4.1M. Revenues reflect an increase in sales from biodiesel products. Net income was offset by increased cost of sales, higher distribution costs, higher administrative expenses, higher finance cost and the presence of write down of inventories.