Andatee China Marine Fuel Services Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported revenues of $61,564,873 against $31,524,045 a year ago. Income from operations was $996,498 against loss from operations of $3,457,959 a year ago. Loss before income tax provision was $133,647 against income before income tax provision of $497,979 a year ago. Net loss attributable to the company was $542,859 against $287,303 a year ago. Basic and diluted loss per share was $0.06 against $0.03 a year ago. The increase in the company's revenue was mainly due to the increase in sales volume. The increase in sales volume was primarily driven by increased customer demand for 180CST, #1, #2 and #4 blended fuel oil which has a relatively competitive market price targeting a broad range of fishing boat and cargo vessel customers.

For the nine months, the company reported revenues of $139,883,552 against $129,397,690 a year ago. Income from operations was $776,073 against $2,461,461 a year ago. Loss before income tax provision was $3,312,161 against income before income taxes of $631,626 a year ago. Net loss attributable to the company was $2,607,831 against net income attributable to the company of $255,556 a year ago. Basic and diluted loss per share was $0.27 against $0.03 a year ago. Net cash used in operating activities was $33,320,502 against $8,172,988 a year ago. Additions to construction in progress and property and equipment were $88,554 against $588,945 a year ago. Purchase of land use rights were $4,452,134.