Deyu Agriculture Corp Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Reports Impairment of Assets for the Third Quarter of 2013
For the nine months, the company reported revenue of $209,117,183, operating loss of $12,400,311, loss before income taxes of $15,268,306, net loss attributable to common stockholders of $16,200,476 or $1.52 per diluted share against revenue of $175,048,803, operating income of $14,934,112, income before income taxes of $14,267,807, net income attributable to common stockholders of $12,505,234 or $1.02 per diluted share a year ago. Net cash provided by operating activities was $8,141,822 against $17,380,794 a year ago. Construction and remodeling of factory and warehouses was $100,169 against $5,166,095 a year ago.
For the third quarter, the company's loss on impairment of assets was $6,586,425.