China Auto Logistic Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016
China Auto Logistic Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported company net revenue of $137,391,006 against $87,350,162 a year ago. Income from operations was $73,530 against loss of $769,221 a year ago. Loss before income taxes was $1,142,686 against $2,896,941 a year ago. Net loss attributable to shareholders of the company was $1,060,942 against $2,666,864 a year ago. Basic and diluted loss per share attributable to shareholders of the company was $0.26 against $0.66 a year ago. Net cash provided by operating activities was $2,813,032 against net cash used in operating activities of $2,785,883 a year ago. Purchase of property and equipment was $120,346 a year ago.