China Auto Logistic Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
For the six months, the company reported net revenue of $220,661,817 against $217,881,376 a year ago. Loss from operations was $307,998 against income from operations of $2,727,261 a year ago. Loss before income taxes was $3,640,428 against income before income taxes of $2,564,462 a year ago. Net loss attributable to company shareholders was $3,192,422 or $0.79 per basic and diluted share against net income attributable to company shareholders of $1,807,819 or $0.49 per basic and diluted share a year ago. Net cash used in operating activities was $26,123,417 against net cash provided by operating activities of $8,701,435 a year ago. Purchase of property and equipment was $6,802 against $10,873 a year ago.