POST Online Media Lite Edition



 

SkyPeople Fruit Juice Q1 gross profit $0.5 million

Staff Writer |
SkyPeople Fruit Juice announced its financial results for the first quarter ended March 31, 2017.

Article continues below






Revenue for the three months ended March 31, 2017 was $3.0 million, as compared to revenue of $5.4 million for the first three months of 2016.

Gross profit was $0.5 million for the three months ended March 31, 2017, as compared to $43,000 for the same period of 2016, mainly due to an increase in the gross profit of the fruit juice beverage and concentrated pear juice segments.

Operating expenses for the three months ended March 31, 2017 were $3.1 million, as compared to $1.5 million for the same period of 2016.

General and administrative expenses increased to $2.9 million for the first quarter of 2017 as compared to $0.7 million for the same period of 2016.

Net loss attributable to SkyPeople Fruit Juice shareholders for the three months ended March 31, 2017 was $2.6 million, as compared to net loss of $1.1 million for the same period of 2016.

Diluted loss per share from continued operations was $0.62 for the first quarter of 2017 as compared to diluted earnings per share from continued operations of $0.30 for the same period of 2016.


What to read next

SkyPeople Fruit Juice to delay in filing its 2015 annual report
SkyPeople Fruit Juice Q2 revenue was $12.2 million
SkyPeople Fruit Juice Q3 revenue $10.6 million, down 70%