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China Auto Logistics Reports 2014 Third Quarter and Nine Month Results

2014-11-15 12:23:05| Auto Dealers - Topix.net

Depreciation and Interest Costs Major Factor in Reported Losses; Gross Margin in Auto Sales Up Slightly and Financial Services Grew TIANJIN, CHINA / ETELIGIS / China Auto Logistics Inc. , a top seller in China of luxury imported automobiles and a leading provider of auto-related services, today announced third quarter and nine month results for the periods ended September 30, 2014. Revenues in the third quarter were $92,377,130, down 26.39% from $125,489,366 in the year earlier period as revenues from Automobile Sales, which accounted for 97.79% of total revenues, decreased 26.83% in the period.

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Category:Automotive

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