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Wednesday, May 16, 2007 4:43:44 PM
CEDA up 20% after first quarter report
RESULTS OF OPERATION
Comparison of Three Months Ended March 31, 2007 and March 31, 2006
Revenues increased by $1,738,824 or 129% in 2007 to $3,086,227 as compared to $1,347,403 in 2006, resulting in gross profit of $2,199,916 for 2007 as compared to gross profit of $853,652 in 2006. This was mainly attributable to the income generated from the training center, new programs, and advertising income. During 2006 and 2007, the Company has added several new programs for vocational studies and certification programs, which provides new source of income. Advertising income was increased as the result of the increased awareness of the Company\'s website, which resulted in more viewers coming to the Company\'s website, which enables the Company to increase its advertising income.
Cost of sales increased by $392,560 to $886,311 in 2007 as compared to $493,751 in 2006. Cost of sales as a percentage of sales decreased by 8% to 29% for 2007 as compared to 37% for 2006. The overall increase was primarily due to the increase of sales, which results from an increase in the cost of booklets and simulation tests to increase.
Gross profit margin increased by 8% for 2007 as compared to 2006. Gross profit margins vary from product to product depending on a number of factors including:
(a) cost of materials; (b) overall market demand and individual customer demand;
(c) cost of intellectual property rights; and (d) competitor pricing policies.
Selling expenses increased by $661,415 or 743% to $750,438 from $89,023 in 2006 due to the increase in agency fees associated with increased sales and advertising.
http://biz.yahoo.com/e/070516/ceda.ob10qsb.html
RESULTS OF OPERATION
Comparison of Three Months Ended March 31, 2007 and March 31, 2006
Revenues increased by $1,738,824 or 129% in 2007 to $3,086,227 as compared to $1,347,403 in 2006, resulting in gross profit of $2,199,916 for 2007 as compared to gross profit of $853,652 in 2006. This was mainly attributable to the income generated from the training center, new programs, and advertising income. During 2006 and 2007, the Company has added several new programs for vocational studies and certification programs, which provides new source of income. Advertising income was increased as the result of the increased awareness of the Company\'s website, which resulted in more viewers coming to the Company\'s website, which enables the Company to increase its advertising income.
Cost of sales increased by $392,560 to $886,311 in 2007 as compared to $493,751 in 2006. Cost of sales as a percentage of sales decreased by 8% to 29% for 2007 as compared to 37% for 2006. The overall increase was primarily due to the increase of sales, which results from an increase in the cost of booklets and simulation tests to increase.
Gross profit margin increased by 8% for 2007 as compared to 2006. Gross profit margins vary from product to product depending on a number of factors including:
(a) cost of materials; (b) overall market demand and individual customer demand;
(c) cost of intellectual property rights; and (d) competitor pricing policies.
Selling expenses increased by $661,415 or 743% to $750,438 from $89,023 in 2006 due to the increase in agency fees associated with increased sales and advertising.
http://biz.yahoo.com/e/070516/ceda.ob10qsb.html
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