Andatee China Marine Fuel Services Corporation reported unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of $41,956,641 against $53,631,654 a year ago. The decrease in revenue was mainly caused by decreased quantity sold and decreased selling price.

Income from operations was $298,701 against $1,358,498 a year ago. Loss before income tax provision was $3,439,897 against income before income tax provision of $714,633 a year ago. Net loss attributable to the company was $3,422,024 or $0.33 per basic and diluted share against net income attributable to the company of $334,972 or $0.03 per basic and diluted share a year ago.

Net cash provided by operating activities was $1,368,080 compared to net cash used in operating activities $12,338,783 a year ago. Additions to property and equipment were $24,372 compared to $66,622 a year ago. Addition to intangible assets was $978.