China Marine Food Group Limited announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenue of $21.484 million compared to $15.083 million a year ago. Income from operations was $1.103 million compared to loss from operations of $1.883 million a year ago.

Income before income taxes was $0.952 million compared to loss before income taxes of $1.836 million a year ago. Net income was $0.589 million compared to net loss of $2.044 million a year ago. Net income attributable to the company was $0.589 million or $0.02 per basic and diluted share compared to net loss attributable to the company of $2.044 million or $0.07 per basic and diluted share a year ago.

Net cash used in operating activities was $7.768 million compared to net cash provided by operating activities of $17.004 million a year ago. Adjusted net income was $1.1 million or $0.04 per diluted share compared to adjusted net loss of $0.8 million or $0.03 per diluted share a year ago.