Last $1.73 USD
Change Today -0.01 / -0.57%
Volume 12.7K
AMCF On Other Exchanges
Symbol
Exchange
NASDAQ CM
Stuttgart
As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

andatee china marine fuel se (AMCF) Snapshot

Open
$1.69
Previous Close
$1.74
Day High
$1.74
Day Low
$1.69
52 Week High
09/27/13 - $2.75
52 Week Low
08/8/13 - $0.56
Market Cap
17.7M
Average Volume 10 Days
19.2K
EPS TTM
$-0.47
Shares Outstanding
10.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ANDATEE CHINA MARINE FUEL SE (AMCF)

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andatee china marine fuel se (AMCF) Details

Andatee China Marine Fuel Services Corporation, through its subsidiaries, engages in the production, storage, distribution, and trading of blended marine fuel oil for cargo and fishing vessels in the People’s Republic of China. It also produces customer specific products using its proprietary blending technology. The company sells its products through distributors to retail customers in Tianjin City, Liaoning, Shandong, Jiangsu, and Zhejiang Provinces. Andatee China Marine Fuel Services Corporation is based in Dalian, the People’s Republic of China.

189 Employees
Last Reported Date: 03/31/14

andatee china marine fuel se (AMCF) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $150.0K
Interim Chief Financial Officer and Principal...
Total Annual Compensation: $24.5K
Compensation as of Fiscal Year 2013.

andatee china marine fuel se (AMCF) Key Developments

Andatee China Marine Fuel Services Corporation Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014

Andatee China Marine Fuel Services Corporation reported unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of $41,956,641 against $53,631,654 a year ago. The decrease in revenue was mainly caused by decreased quantity sold and decreased selling price. Income from operations was $298,701 against $1,358,498 a year ago. Loss before income tax provision was $3,439,897 against income before income tax provision of $714,633 a year ago. Net loss attributable to the company was $3,422,024 or $0.33 per basic and diluted share against net income attributable to the company of $334,972 or $0.03 per basic and diluted share a year ago. Net cash provided by operating activities was $1,368,080 compared to net cash used in operating activities $12,338,783 a year ago. Additions to property and equipment were $24,372 compared to $66,622 a year ago. Addition to intangible assets was $978.

Andatee China Marine Fuel Services Corporation Announces Consolidated Earnings Results for the Full Year Ended December 31, 2013; Provides Earnings Guidance for 2014

Andatee China Marine Fuel Services Corporation announced consolidated earnings results for the full year ended December 31, 2013. Total sales in 2013 increased by 19.42% to $273.3 million from $228.8 million in 2012. Gross profit in 2013 increased by 12.8% to $16.1 million from $14.3 million in 2012. Income from operations in 2013 was $6.55 million as compared to $7.28 million in 2012. Net loss attributable to company was $1.01 million or $0.10 per diluted share mainly due to a goodwill impairment of $1.2 million, as compared to net profit of $1.64 million or $0.17 per diluted share in 2012. The net loss was mainly the result of increased general and administrative expense, goodwill impairment loss and increased income tax expense, among which the goodwill impairment accounted for $1,234,709. Income before income tax provision was $1,048,617 against $2,113,103 a year ago. Net cash used in operating activities was $35,559,389 against $567,399 a year ago. Additions to construction in progress and property and equipment were $18,563,989 against $859,163 a year ago. Addition to intangible assets was $8,623,375 against $1,722,815 a year ago. Going forward, the company expects to grow its business for higher revenue growth as well as higher profitability. In the meantime, the company intends to begin implementing various cost control measures in the existing business lines with the aim of improving its margins and achieving profitability in 2014 and beyond.

Andatee China Marine Fuel Services Corporation Accepts An Fengbin's Resignation as the Chairman of the Board and a Board Member

On February 18, 2014, the Board of Directors of Andatee China Marine Fuel Services Corporation accepted An Fengbin's resignation as the Chairman of the Board and a Board member, which resignation was for personal reasons and not for cause or any disagreements with the company.

 

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