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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