China Auto Logistics Reports 2017 First Quarter Results
CHINA AUTO LOGISTICS INC (CALI)
US:NASDAQ Investor Relations:
chinaautologisticsinc.com/ir-contacts.php
Company Research
Source: Marketwire
TIANJIN, CHINA -- (Marketwired) -- 05/15/17 -- China Auto Logistics Inc. (the "Company" or "CALI") (NASDAQ: CALI), a top seller in China of luxury imported automobiles and a leading provider of auto-related services, today announced results for its first quarter ended March 31, 2017. In the 2017 first quarter, the Company incurred a net loss attributable to shareholders from continuing operations of $(135,246) or $(0.03) per share. This compared with a somewhat higher loss in the same quarter last year of $(187,522) or $(0.05) per share and a total loss attributable to shareholders in the 2016 first quarter of $(1,060,917) or $(0.21)) per share. The latter figures include a loss from operations that were discontinued during 2016 and are not included in 2017 results. In what is typically the Company's slowest quarter, net revenues of approximately $111 million in the 2017 first quarter were approximately 19% lower than in the first quarter of 2016 when stronger than ant
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