Deyu Agriculture Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012
For the nine months, the company reported net revenue of $175,048,803 compared to $170,482,201 a year ago. Operating income was $14,934,112 compared to $16,909,794 a year ago. Income from continuing operations before income taxes was $14,267,807 compared to $16,495,366 a year ago. Income from continuing operations was $12,792,626 compared to $16,466,407 a year ago. Net income available to common stockholders was $12,505,234 or $1.02 per diluted share compared to $14,006,735 or $1.15 per diluted share a year ago. Diluted income from continuing operations per share was $1.02 compared to $1.32 a year ago. Net cash provided by operating activities was $17,380,794 compared to net cash used in operating activities of $13,310,021 a year ago. Purchase of machinery and equipment was $47,829 compared to $458,214 a year ago.