Lentuo International Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Announces Impairment Loss for the Fourth Quarter of 2013
For the year, the company's total revenues were RMB 3,272.7 million compared with RMB 3,265.3 million a year ago. Operating income was RMB 131.1 million compared with RMB 60.5 million a year ago. Income before income tax expenses was RMB 64.1 million compared with loss of RMB 6.0 million a year ago. Net income and comprehensive income was RMB 27.7 million or RMB 0.37 per basic and diluted share compared with loss of RMB 18.2 million or RMB 0.09 per basic and diluted share a year ago.
The company announced loss from impairment of intangible assets of RMB 1.7 million for the fourth quarter ended December 31, 2013.