Deyu Agriculture Corp Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013
For the six months, the company reported net revenue of $140,777,815 against $118,576,479 a year ago. Operating income was $1,376,562 against profit of $10,825,617 a year ago. Loss before income taxes was $213,043 against profit of $10,489,904 a year ago. Net loss attributable to the company was $734,792 against profit of $9,240,077 a year ago. Net loss attributable to the company was $968,215 against profit of $9,020,025 a year ago. Basic and diluted loss per share was $0.09 against profit of $0.73 a year ago. Net cash provided by operating activities was $2,219,493 against $10,699,003 a year ago. Construction and remodeling of factory and warehouses was $92,473 against $157,328 a year ago. Purchase of machinery and equipment was $193,003 against $46,992 a year ago.