China Armco Metals Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter net revenues were $27,684,176 compared to $4,294,734 for the same period a year ago. Net income was $948,054 or $0.04 per basic and diluted share, compared to a $1,705,388 loss or $0.09 loss per basic and diluted share, in the same period last year. Income before income taxes was $1,018,252 against loss before income taxes of $1,641,749 of prior year period. Income from operations was $1,102,046 against loss from operations of $1,208,720 a year ago. Income from continuing operations was $948,054 against loss from continuing operations of $1,705,388 a year ago.

For the six months, net revenues were $42,027,253 compared to $53,578,925 for the same period a year ago. Net loss was $141,714 or $0.01 per basic and diluted share compared to net loss of $3,365,596 or $0.19 per basic and diluted share for the corresponding period last year. Loss before income taxes was $80,026 against $3,214,554 of prior year period. Net cash used in operating activities was $2,078,664 million against cash provided by operating activities of $4,952,087 of prior year period. Purchases of property, plan and equipment were $165,656 against $1,343,721 of prior year period. Income from operations was $51,073 against loss from operations of $1,436,548 a year ago. Loss from continuing operations was $141,714 against $3,365,596 a year ago. The company during the first half of 2013 spent $0.17 million on capital expenditures.