Fincera Inc. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
Fincera Inc. reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported total income of $28.283 million compared to $11.251 million a year ago. Income from continuing operations was $0.840 million against $0.025 million a year ago. Income from continuing operations before income taxes was $1.243 million against $0.105 million a year ago. Net income was $0.005 million compared to $3.012 million a year ago. Diluted net income per share was $0.01 against diluted net income per share of $0.12 a year ago. Diluted net income per share from continuing operations was $0.03.
For the six months, the company reported total revenues of $49.209 million compared to $17.021 million for the same period a year ago. Income from continuing operations was $1.696 million against loss from continuing operations of $3.037 million a year ago. Income from continuing operations before income taxes was $2.580 million against loss from continuing operations before income taxes of $4.013 million a year ago. Net income was $0.489 million compared to $5.678 million for the same period a year ago. Diluted net income per share was $0.02 against $0.23 a year ago. Basic and diluted net income per share from continuing operations was $0.07 against basic and diluted net loss per share from continuing operations of $0.13 a year ago. Net cash provided by operating activities was $75.543 million against $171.482 million a year ago. Purchase of property, equipment and leasehold improvements were $0.291 million against $1.715 million a year ago.