CBI China Bio

 

TIDMCBI 
 
RNS Number : 1330C 
China Biodiesel International Hold 
06 November 2009 
 

China Biodiesel International Holding Co., Ltd. ("CBI" or the 
"Company") 
Trading Update 
 
The Company is today issuing an update on trading for the current year ending 31 
December 2009. 
Both the Longyan and Xiamen facilities have continued to increase sales volumes 
since the announcement of the interim results in September 2009. Based on these 
volumes the total biodiesel shipments during the second half of the financial 
year are expected to exceed that of the first half. 
Despite the increase in volumes however the recovery of the biodiesel market 
remains slow with a background of uncertainty. Recent inflation in feedstock 
prices has also caused a significant reduction in margins compared to the first 
half of the financial year. The Directors therefore expect profits in the second 
half of the financial year to be substantially below that reported in the first 
half of the financial year. 
Overall, due to continue support from the government in the form of grants and 
policies and the positive sales volume achieved to date, the Directors expect 
profits for FY 2009 to exceed those reported in FY 2008. 
 
For further information: 
Gloria He, CFO: +86 (592) 7191103 
 James Wang, Company Secretary: +86 (592) 
7191109 
Bobbie Hilliam or Chris Clarke 
Evolution Securities: +44 (0) 20 7071 4300 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 TSTEADFKELSNFFE 
 

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