Fincera Inc. Reports Consolidated Earnings Results for the Year Ended December 31, 2015
Fincera Inc. reported consolidated earnings results for the year ended December 31, 2015. For the period, the company’s total income was $56,311,000 against $5,375,000 a year ago. Income from continuing operations before income taxes was $350,000 against loss of $19,720,000 a year ago. Income from continuing operations was $76,000 against loss of $16,322,000 a year ago. Net income $8,281,000 against $10,166,000 a year ago. Diluted profit per share from continuing operations was $0.003 against loss of $0.68 a year ago. Diluted profit per share was $0.34 against $0.43 a year ago. Net cash provided by operating activities was $371,213,000 against net cash used in operating activities of $9,959,000 a year ago. Purchase of property, equipment and leasehold improvements was $4,433,000 against $7,389,000 a year ago.