China Marine Food Group Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported net revenue of $27,287,617 compared to $61,284,191 a year ago. Loss from operations was $2,851,651 compared $1,626,854 a year ago. Loss before income taxes was $3,090,434 compared to $1,638,907 a year ago. Net loss was $3,090,434 or $0.10 per basic and diluted share compared to $1,638,907 or $0.06 per basic and diluted share a year ago. Adjusted net loss was $1.4 million or $0.05 per diluted share compared to $1.0 million or $0.03 per diluted share a year ago. Net loss attributable to the company was $3,090,386 compared to $1,638,861 for the same period a year ago.

For the six months, the company reported net revenue of $48,772,480 compared to $76,368,120 a year ago. Loss from operations was $1,747,792 compared to $3,510,617 a year ago. Loss before income taxes was $2,137,954 compared to $3,475,622 a year ago. Net loss was $2,501,381 or $0.08 per diluted share compared to $3,683,342 or $0.12 per diluted share a year ago. Net cash used in operating activities was $10,257,066 compared to net cash provided by operating activities of $12,881,460 a year ago. Purchase of property, plant and equipment was $1,024,251 against $68,300 a year ago. Net loss attributable to the company was $2,501,206 compared to $3,683,250 for the same period a year ago. Adjusted net loss was $0.3 million or $0.01 per diluted share compared to $1.8 million or $0.06 per diluted share for the same period a year ago.

For the second quarter ended June 30, 2013, the company announced intangible assets impairment of $1,085,183.