|
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2014
|
Mar. 31, 2013
|
| Statements of Comprehensive Income (Loss) [Abstract] |
|
|
| Sales |
$ 201,894 |
$ 209,554 |
| Cost of sales |
194,751 |
200,732 |
| Gross profit |
7,143 |
8,822 |
| Selling expenses |
318 |
167 |
| General and administration expenses |
3,482 |
2,970 |
| Total operating expenses |
3,800 |
3,137 |
| Income from operations |
3,343 |
5,685 |
| Other income (expenses): |
|
|
| Interest income |
2,791 |
751 |
| Interest expense |
(4,968) |
(3,396) |
| Foreign exchange gain (loss) , net |
(2,445) |
1,553 |
| Other expenses, net |
(1,460) |
(380) |
| Total other income (expenses), net |
(6,082) |
(1,472) |
| (Loss) income before income taxes |
(2,739) |
4,213 |
| Income tax expense |
|
1,295 |
| Net (loss) income attributable to Keyuan Petrochemicals Inc. stockholders |
(2,739) |
2,918 |
| Dividends to Series B convertible preferred stockholders |
|
|
| Net (loss) income attributable to Keyuan Petrochemicals Inc. common stockholders |
(2,739) |
2,918 |
| Net (loss) income attributable to Keyuan Petrochemicals Inc. stockholders |
(2,739) |
2,918 |
| Other comprehensive (loss) income: |
|
|
| Foreign currency translation adjustment |
(837) |
531 |
| Comprehensive (loss) income |
$ (3,576) |
$ 3,449 |
| (Loss) earnings per share: Attributable to common stock: |
|
|
| -Basic |
$ (0.05) |
$ 0.05 |
| -Diluted |
$ (0.05) |
$ 0.05 |
| Weighted average number of shares of common stock used in calculation: |
|
|
| -Basic |
57,505,098 |
57,646,160 |
| -Diluted |
57,505,098 |
62,979,500 |