Yosen Group, Inc. Announces Financial Results for the Second Quarter and Six Months Ended June 30, 2014
For the six months, the company reported net sales were $7,316,160, a 22.0% year-over-year increase over $5,997,873 for the six months ended June 30, 2013. The increase was primarily attributable to the new revenue generated from the company international trade business in New York. Profit margin for the six months ended June 30, 2014 was 8.5% compared to 5.2% for the six months ended June 30, 2013. Net income from continuing operations was $178,601 for the six months ended June 30, 2014 compared to net loss of $885,047 for the six months ended June 30, 2013. Net income for the six months ended June 30, 2014 was $31,626 compared to net loss $1,053,696 for the six months ended June 30, 2013.