China Auto Logistics Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017
China Auto Logistics Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net revenue was $110,533,781 against net revenue of $137,064,018 a year ago. LOSS from operations was $40,974 against income from operations of $279,835 a year ago. Loss from continuing operations before income tax expense was $229,906 against $121,578 a year ago. Net loss attributable to shareholders of the company was $135,246 against $1,060,917 a year ago. Net loss from continuing operations attributable to shareholders of the company was $135,246 against $187,522 a year ago. Basic and diluted loss per share from continuing operations was $0.03 against $0.05 a year ago. Net cash used in operating activities was $122,358 against net cash provided by operating activities of $2,830,621 a year ago.