XML 19 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Statements of Comprehensive Income (Loss) [Abstract]        
Sales $ 94,257 $ 184,426 $ 303,811 $ 367,750
Cost of sales 91,628 178,006 292,360 351,857
Gross profit 2,629 6,420 11,451 15,893
Selling expenses 236 388 403 641
General and administration expenses 2,621 2,657 5,591 5,267
Total operating expenses 2,857 3,045 5,994 5,908
(Loss) income from operations (228) 3,375 5,457 9,985
Other income (expense):        
Interest income 3,151 1,883 3,902 2,822
Interest expense (7,045) (2,930) (10,441) (7,309)
Foreign exchange gain (loss), net 4,652 (543) 6,205 (364)
Other (expense) income, net (715) 147 (1,095) (217)
Total other income (expense), net 43 (1,443) (1,429) (5,068)
(Loss) income before income taxes (185) 1,932 4,028 4,917
Income tax expense 312 870 1,607 2,010
Net (loss) income attributable to Keyuan Petrochemicals Inc. stockholders (497) 1,062 2,421 2,907
Dividends to Series B convertible preferred stockholders            
Net (loss) income attributable to Keyuan Petrochemicals Inc. common stockholders (497) 1,062 2,421 2,907
Net (loss) income attributable to Keyuan Petrochemicals Inc. stockholders (497) 1,062 2,421 2,907
Other comprehensive income:        
Foreign currency translation adjustment 1,101 131 1,632 708
Comprehensive income $ 604 $ 1,193 $ 4,053 $ 3,615
Earnings (loss) per share: Attributable to common stock:        
-Basic $ (0.01) $ 0.02 $ 0.04 $ 0.05
-Diluted $ (0.01) $ 0.02 $ 0.04 $ 0.05
Weighted average number of shares of common stock used in calculation:        
-Basic 57,646,160 57,646,160 57,646,160 57,646,160
-Diluted 57,646,160 62,979,500 62,979,500 62,979,500