SEATTLE, July 29, 2013 /PRNewswire/ -- L & L Energy, Inc. (NASDAQ: LLEN) ("L&L" or "Company"), a Seattle-based company with a track record of profitable coal operations in China, announced its preliminary financial highlights while the Company's auditor is finalizing its audit report.
L&L Preliminary Financial Highlights Year Over Year:
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FY2013 ended April 30, 2013
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FY2012 ended April 30, 2012
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Revenues
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$ 198,982,667
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$ 112,940,483
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Net Income Attributable to L&L (excluding non-cash derivative loss)
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$40,303,967
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$14,246,443
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Net Income Attributable to L&L (including non-cash derivative loss)*
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$38,352,246
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$14,246,443
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EPS Basic (excluding non-cash derivative loss)
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$1.08
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$0.43
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EPS Basic (including non-cash derivative loss)*
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$1.03
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$0.43
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* the approximate non-cash $1.9 million loss or $0.05 reduction was due to a market valuation on a derivative per US accounting standards
L&L's Chief Financial Officer, Ian Robinson, commented, "We are pleased to share our preliminary financial highlights with our investors. We have demonstrated tremendous year-over-year growth and we look forward to releasing our final results in detail on, or before Tuesday, July 30, 2013. Management will also host a conference call to discuss our FY2013 results on Wednesday, July 31."
Conference Call Information
Management will host a conference call to discuss its 2013 fiscal year financial results at 12:00 p.m. Eastern Daylight Time (9:00 a.m. Pacific Daylight Time) on Wednesday July 31, 2013. Investors may access the call as follows:
The audio call of the meeting will be available via telephone at:
North America Toll Free: 800-893-5360
International Toll: 404-665-9534
Conference ID: 24623365
Please call five minutes prior to 12:00 p.m. Eastern Daylight Time. A live webcast of the call will also be available at http://www.llenergyinc.com.
Forward Looking Statements
The release contains statements related to Company's future performance and is within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve uncertainties and actual results of the future events described in this release could differ materially. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Contacts:
L&L Energy Inc.
(206)-264-8065
ir@llenergyinc.com
SOURCE L & L Energy, Inc.