L&L Energy Releases Preliminary FY2013 Financial Highlights
L&L's SEC Form 10-K will be released by July 30, 2013 - Conference call
scheduled for 12:00 p.m. Eastern Time on Wednesday, July 31, 2013
SEATTLE, July 29, 2013
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:
FY2013 ended April 30, FY2012 ended April
2013 30, 2012
Revenues $ 198,982,667 $ 112,940,483
Net Income Attributable to L&L $40,303,967 $14,246,443
(excluding non-cash derivative loss)
Net Income Attributable to L&L
(including non-cash derivative $38,352,246 $14,246,443
EPS Basic (excluding non-cash $1.08 $0.43
EPS Basic (including non-cash $1.03 $0.43
*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,
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
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.
L&L Energy Inc.
SOURCE L & L Energy, Inc.
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