Yosen Group, Inc. announced financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales for the second quarter 2014 were reported at $3,053,135, a 7.7% year-over-year increase over $2,834,839 for the second quarter 2013. Profit margin for the three ended June 30, 2014 was 9.5% compared to 6.1% for the three months ended June 30, 2013. Net income from continuing operations was $64,826 for the three and six months ended June 30, 2014 compared to net loss of $357,219 for the three months ended June 30, 2013. Net income for the three months ended June 30, 2014 was $7,468 compared to net loss $414,219 for the three months ended June 30, 2013.

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.