American Lorain revenue decreased $7.58 millionStaff writer ▼ | November 23, 2015
American Lorain Corporation announced financial results for the third quarter ended September 30, 2015. Revenue decreased by $7.58 million to $47.68 million compared to the prior year period.
Food company Gross profit was $8.29 million
Gross margin of 17.39% for the third quarter of FY 2015 as compared to 16.57% in comparison to the same period in 2014.
Operating income of $4.07 million an increase of 47.86% in comparison to $2.75 million of the same period in 2014.
Net income of $1.88 million or $0.06 per fully diluted share, compared with net income of $0.73 million or $0.03 per fully diluted share of the same period in 2014. ■