Kolao Holdings Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
For the six months, sales were $172,097,399 against $150,916,869 last year. Operating profit was $17,232,006 against $15,363,589 last year. Income before income tax expense was $14,815,359 against $14,193,587 last year. Net income attributable to owners of the parent was $14,642,394 or $0.31 per basic and diluted share against $14,088,106 or $0.33 per basic and diluted share last year. Net cash used in operating activities was $40,445,848 against $23,609,360 last year. Acquisition of property, plant and equipment was $9,228,349 against $11,860,100 last year. Acquisition of intangible assets was $1,743,999.