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Chai-Na-Ta Corp. Reports 2005 Year-end Results.

Publication: Business Wire
Publication Date: 13-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
RICHMOND, British Columbia -- (All amounts are in Canadian dollars) -

Chai-Na-Ta Corp. (TSX:CC)(OTCBB:CCCFF), the world's largest supplier of North American ginseng, today announced 2005 net loss of $8.1 million, or $0.33 per basic share, compared to 2004 net earnings of $80,000, or $0.00 per basic share.

Revenue decreased to $5.8 million in 2005 from $7.4 million in 2004. Gross margin declined to 6% in 2005 from 35% in 2004.

"Fiscal 2005 featured a number of challenges for Chai-Na-Ta. A strong Canadian dollar has negatively affected ginseng prices and the Company's revenue and profitability. Buyers and grading houses remain resistant to carrying supply, due to concerns about currency fluctuations," said...

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