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Sangui BioTech International Inc.

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DGAP-News News vom 04.05.2018

Sangui BioTech International Inc.: - Sales of USD 65,273 in the first nine months, Costs and loss is further reduced

DGAP-News: Sangui BioTech International Inc. / Key word(s): 9-month figures

04.05.2018 / 09:58
The issuer is solely responsible for the content of this announcement.


Sangui BioTech:

- Sales of USD 65,273 in the first nine months

- Costs and loss is further reduced

Witten, May, 04 2018 In the first nine months of fiscal year 2018 (to 30/06/2018) Sangui BioTech International Inc. achieved revenues from royalty income and product sales of USD 65,273. In the same period of the previous year the comparable revenue amounted to USD 47,186. Due to increased revenues of the wound spray Granulox, the resulting royalty income in the first nine months increased by 38% compared to the same period of the previous year.

While royalty income in the first two quarters clearly exceeded royalty income in the same period of the previous year, in the third quarter of the fiscal year these were slightly below those of the previous year.

As operating expenses also decreased USD 97,640 or 29% to USD 243,152 during the period, first nine month operating loss decreased USD 116,346 to USD 177,923 from the prior year. The operating loss for the third quarter of 2018 decreased by USD 6,856 year-on-year to USD 68,798. Accordingly, the cash position of the Company during the reporting period improved.

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:
Sangui Biotech International, Inc.
Thomas Striepe
Fax: +49 (2302) 915191
e-mail: [email protected]

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.

04.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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