Deyu Agriculture Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company's total net revenue was $15.6 million compared with $77.2 million a year ago.

This decrease was the combined result of a decrease of $27.1 million in corn sales, a decrease of $5.7 million in grain sales and a decrease of $28.8 million in bulk trading sales. Operating loss was $9.1 million compared with operating income of $3.7 million a year ago. Loss before income taxes was $9.2 million compared with income of $3.6 million a year ago.

Net loss was $9.3 million compared with net income of $3.2 million a year ago. Net loss available to common stockholders was $9.4 million or $0.87 per diluted share compared with net income of $3.1 million or $0.25 per diluted share a year ago. Net cash provided by operating activities was $0.59 million compared with $9.1 million a year ago.