DGAP-News: Asian Bamboo AG: 58 pct increase in net profits to EUR 15.6 million

Asian Bamboo AG / Final Results

29.04.2008 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Hamburg, April 29th, 2008 – Asian Bamboo AG ('Asian Bamboo', Ticker Symbol
'5AB') today announces its annual results for FY 2007. Key highlights are:

• net profit of EUR 15.6 million, up 58 pct yoy
• adjusted net profit, excluding gains from changes in value of  biological
assets and taxes thereon, of EUR 6.7 million, up 71  pct yoy
• gains from changes in value of biological assets were EUR 10.4  million 
• turnover of EUR 14.7 million, up 35 pct yoy
• total size of plantations reached 14,649 ha of which 5,876 ha are  mature
plantations
• dividend planned for financial year 2008

The Company's sharp increase in turnover and adjusted net profit was
primarily driven by an addition of mature bamboo plantation acreage, a
general increase in the demand for bamboo shoots and trees and rising unit
prices.

The Company's gross profit margin widened from 45 pct to 51 pct primarily
as a result of a change in the Company's product mix in favor of higher
margin bamboo trees, which accounted for 38 pct of total sales in 2007
compared to 23 pct in 2006.

Lin Zuojun, CEO of Asian Bamboo, commented: 'We are pleased with our
operational performance in 2007 and following our fund raising last year,
we have signed leases for additional plantations which will underpin future
growth. We expect a continuation of the current positive business
development in 2008.'

In its outlook the management states that it expects the turnover for the
full year 2008 to exceed EUR 45 million and that the adjusted consolidated
net profit margin, excluding revaluation gains and deferred tax thereto of
biological assets, will be at least 40 pct. The Management Board will
propose a dividend, in line with the Company’s profitability in 2008, to be
distributed in 2009.

The annual report, both in a German and English version, can be accessed
on:
http://www.asian-bamboo.de/en/investor_relations/publikationen.html

For further information, please contact:

Asian Bamboo:

Zhao Tong   
+852-9011 8258
Head of Investor Relations

Brunswick Group:      

Peter Sjovall   
+852-9385 3868
Director, Hong Kong

Hartmut Schumacher  
+49-69-24005519
Director, Frankfurt


About Asian Bamboo AG

Asian Bamboo Group is a leading producer of bamboo trees and organic bamboo
shoots in China. Bamboo trees are used in a variety of applications such as
flooring, construction and furniture and bamboo shoots are either sold
fresh or processed as organic food. The vast majority of the Company’s
products are sold in China, however processed bamboo shoots are also
exported to Japan.

The Company signs long-term leases with land owners and currently owns the
rights to 18 bamboo plantations comprising a total acreage of more than
24,700 ha in the Fujian Province, which is one of the main areas for
growing bamboo in the People’s Republic of China.

Asian Bamboo Group’s registered office is located in Hamburg, Germany and
the Company is listed on the Frankfurt Stock Exchange. In the first nine
months of 2007 Asian Bamboo Group generated revenues of €11.7 million and
an adjusted net profit of €6.1 million. As of 30 September 2007, Asian
Bamboo Group had approximately 300 employees.

Further information on Asian Bamboo AG, please visit the Company’s web-site
at: www.asian-bamboo.com


Contact:
BRUNSWICK
Tong Zhao
Phone: 00852-9011 8258
Fax: 00852-2259 9008
tzhao@brunswickgroup.com


DGAP 29.04.2008 
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Language:     English
Issuer:       Asian Bamboo AG
              Stadthausbrücke 1-3
              20355 Hamburg
              Deutschland
Phone:        +49 40 37644 798
Fax:          +49 40 37644 500
E-mail:       cornelia.dieker@asian-bamboo.de
Internet:     www.asian-bamboo.de
ISIN:         DE000A0M6M79, DE000A0M6M79
WKN:          A0M6M7, A0M6M7
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
End of News                                     DGAP News-Service
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