China Marine Food Group Limited announced unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, revenue was $15,083,929, loss from operations was $1,883,763, loss before income taxes was $1,836,715 and net loss attributable to China Marine Food Group Limited was $2,044,389 or $0.07 per diluted share against revenue of $26,656,564, income from operations of $6,702,425, income before income taxes of $6,747,557 and net loss attributable to China Marine Food Group Limited of $5,617,800 or $0.19 per diluted share for the same period a year ago. Net cash provided by operating activities was $17,004,118 and purchase of property, plant and equipment was $6,868 against net cash provided by operating activities of $21,467,041 and purchase of property, plant and equipment of $14,316 a year ago. Adjusted net loss was $0.8 million or $0.03 per diluted share against adjusted net income of $6.2 million or $0.21 per diluted share a year ago. The company expects to commence operating its new 20,000 tons cold storage facility by the end of the second quarter of 2012. The project is expected to contribute approximately $8.0 million in revenues and $4.0 million in net income yearly once fully operational. The total construction cost of the project was approximately $24.5 million.