Cogo Group, Inc. Reports Unaudited Consolidated Earnings Results for the Unaudited Second Quarter and Six Months Ended June 30, 2013
August 16, 2013 at 01:30 am IST
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Cogo Group, Inc. reported unaudited consolidated earnings results for the unaudited second quarter and six months ended June 30, 2013. For the quarter, the company reported net revenues were RMB 1,134,978,000 against RMB 1,225,247,000 a year ago. Earnings before income taxes were RMB 17,267,000 against RMB 21,220,000 a year ago. Net income attributable to company was RMB 10,342,000 against RMB 11,406,000 a year ago. Diluted earnings per share were RMB 0.31 against RMB 0.31 a year ago. Income from operations was RMB 18,753,000 against RMB 24,353,000 a year ago. Non-GAAP net income attributable to company was USD 4,447,000 against USD 5,196,000 a year ago. Non-GAAP income from operation was USD 5,988,000 against USD 7,398,000 a year ago. Non-GAAP net income attributable to company per common share-Diluted was USD 0.13 against USD 0.14 a year ago. Operating cash outflow was USD 6.8 million.
For the six months, the company reported net revenues were RMB 149,298,000 against RMB 2,291,688,000 a year ago. Earnings before income taxes were RMB 34,972,000 against RMB 34,260,000 a year ago. Net income attributable to company was RMB 19,134,000 against RMB 19,342,000 a year ago. Diluted earnings per share were RMB 0.57 against RMB 0.53 a year ago. Income from operations was RMB 37,964,000 against RMB 38,743,000 a year ago.
Viewtran Group, Inc. provides supply chain financial services and enterprise solutions for the technology industry in China. The Company works with manufacturers and distributors to provide working capital and financing programs. The Company's services and solutions include Financial Services and Enterprise Solutions. The Company provides supply chain financial services to its customers. The Company's enterprise solutions service is a combination of (non-component) equipment system procurement, system software development, and technical deployment and maintenance services. The Company works with manufacturers to provide its customers, such as pure software development, technical deployment services or a combination of hardware, software and technical services.