Wonhe High-Tech International, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
For the six months, the company reported sales of $13,424,684. Income from operations was $5,820,495 compared to loss of $443,586 a year ago. Income before provision for income taxes was $5,902,167 compared to loss of $382,686 a year ago. Net income attributable to common stockholders of the company was $4,904,831 or $0.11 per diluted share compared to loss of $371,471 or $0.01 per share a year ago. Net cash provided by operating activities was $6,468,757 compared to $236,973 a year ago. Purchase of property, plant and equipment was $519,508. Purchase of intangible assets was $22,032.