SinoCoking Coal and Coke Chemical Industries, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015
For the nine months, the company reported net income of USD 4,418,452 or USD 0.19 per basic and diluted share on revenue of USD 37,111,289 as compared to net income of USD 1,835,291 or USD 0.09 per basic and diluted share on revenue of USD 41,678,105 the first nine months of fiscal 2013. Income from operations was USD 4,967,202 compared with USD 6,061,821 for the same period last year. Income before income taxes was USD 6,131,447 compared with USD 3,346,925 for the same period last year. Net cash used in operating activities was USD 4,318,991 compared with USD 751,873 for the same period last year. Purchase of equipment was USD 7,040,567.