Andatee China Marine Fuel Services Corporation Inc. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $175,529,194 compared to revenue of $75,766,037 for the same period a year ago. Income from operations was $6,564,263 compared to $1,102,965 last year. Income before income tax was $3,054,904 compared to loss before income tax of $83,005 last year. Net income was $3,033,084 compared to net loss of $135,673 last year. Net income attributable to the company was $2,912,428 or $0.28 per basic and diluted share compared to net loss attributable to the company of $79,414 or $0.01 per basic and diluted share last year.

For the six months, the company reported revenues of $217,485,835 compared to revenue of $129,397,690 for the same period a year ago. The increase in Revenue was mainly due to increased sales volume. Income from operations was $6,862,964 compared to $2,461,461 last year. Loss before income tax was $384,993 compared to income before income tax of $631,626 last year. Net loss was $528,552 compared to net income of $162,372 last year. Net loss attributable to the company was $509,596 or $0.05 per basic and diluted share compared to net income attributable to the company of $255,556 or $0.03 per basic and diluted share last year. The increase in net loss was mainly the result of an increase in interest expense for the period indicated. Net cash provided by operating activities was $44,988,573 compared to net cash used in operating activities of $36,164,212 last year. Additions to property and equipment were $390,750 compared to $69,053 last year. Addition to intangible assets was $37,753 compared to $1,602,693 last year.