Sino Agro Foods, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported revenue of $15.980 million against $3.121 million a year ago. Net income from operations was $5.791 million against $1.237 million a year ago. Net income before income taxes was $6.541 million against $1.339 million a year ago. Net income of continuing operations attributable to the company and subsidiaries was $5.632 million or $0.07 diluted per share against $0.910 million or $0.01 diluted per share a year ago. Net income attributable to the company and subsidiaries was $5.632 million or $0.07 diluted per share against $11.114 million or $0.18 diluted per share a year ago. Net cash provided by operating activities were $2.622 million against $3.645 million a year ago. Purchases of property and equipment were $0.007 million against $0.006 million a year ago. Acquisition of proprietary technology was $1.5 million. The increase in revenue was primarily due to the natural growth of revenue generated from the fishery, cattle farm, beef and the maturity of ongoing divisional businesses improving their revenues. For the second quarter, the company expects positive sales results since top graded quality meat was well received by some of the prime hotels and restaurants in Beijing and in Guangzhou City. The company expects that its production will gradually increase each quarter hereafter based on stocking volumes of the past months, especially when the contract for the supply of 500,000 fish executed in October 2011 is expected to begin resulting in sales in June 2012.