China Precision Steel, Inc.
Period Ending Jun 30, 2013 Jun 30, 2012 Jun 30, 2011 Jun 30, 2010
Total Revenue 36,528 142,974 151,200 110,454
Cost of Revenue 48,301 148,780 145,234 100,147
Gross Profit (11,774) (5,807) 5,965 10,307
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 2,579 2,894 2,303 3,109
Non-Recurring Items 55,615 5,022 20 218
Other 200 216 224 169
Operating Income (70,167) (13,940) 3,418 6,810
Income From Continuing Operations
Add'l Income/Expense Items 4,784 90 3 196
Earnings Before Interest and Tax (65,383) (13,850) 3,422 7,006
Interest Expense 3,557 3,104 2,629 921
Earnings Before Tax (68,939) (16,954) 793 6,086
Income Tax - (5) 536 492
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations (68,939) (16,949) 257 5,594
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (68,939) (16,949) 257 5,594
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders (68,939) (16,949) 257 5,594