Shiner International, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
For the year, the company reported net revenue of $72,036,187 against $75,294,512 for the same period last year. Loss from operations was $10,183,599 against income from operations of $2,030,978 for the same period last year. Loss before income tax was $10,011,238 against income before income tax of $2,403,661 for the same period last year. Net loss attributed to the company was $9,060,849 or $0.33 per basic and diluted share against net income attributed to the company of $1,742,476 or $0.06 per basic and diluted share for the same period last year. Net cash used in operating activities was $2,559,753 against net cash provided by operating activities of $379,709 a year ago. Payments for property and equipment were $2,592,970 against $9,555,336 a year ago.