Lentuo International Inc. (LAS) reported that net loss attributable to controlling interest for the first quarter of 2013 was RMB8.1 million or $1.3 million, compared to net income of RMB16.8 million in the same quarter last year.
Loss per ordinary share were RMB0.14 or $0.02 compared to earnings per ordinary share of RMB0.28 for the first quarter of 2012. Loss per ADS was RMB0.28 or $0.04 in the first quarter of 2013.
The company sold 3,855 vehicles, a 5.5% increase from 3,655 vehicles in the first quarter of 2012. Vehicles serviced increased 17.7% to 46,486 vehicles, from 39,487 vehicles in the first quarter 2012.
Revenues for the quarter decreased 7.4% to RMB700.5 million or $112.8 million, from RMB756.8 million in the first quarter 2012.
Construction of the new FAW-Volkswagen flagship store in Beijing has been completed and is currently going through trial-operations. The flagship store is expected to officially open during the third quarter of 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.