v2.4.0.6
Consolidated Statements of Operations and Other Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating revenues:    
Net sales to third parties $ 119,563 $ 243,814
Cost of sales (101,716) (214,456)
Gross income 17,847 29,358
Operating expenses:    
Sales, marketing and distribution (11,629) (10,882)
General and administrative (9,295) (4,138)
Operating (loss) income (3,077) 14,338
Other income, net 860 1,782
Impairment loss on property, plant and equipment (2,857) 0
Loss on disposal of scrap inventories (13,896) (2,328)
Interest income 1,766 483
Interest expense (8,812) (3,359)
(Loss) Income before income taxes (26,016) 10,916
Income taxes expense (1,047) (2,447)
(Loss) Income before extraordinary item (27,063) 8,469
Extraordinary gain (less applicable income taxes of US$0) 13,117 2,605
Extraordinary loss (less applicable income taxes of US$0) (1,848) 0
Net (loss) income including non-controlling interest (15,794) 11,074
Less: Net loss (income) attributable to non-controlling interest 52 (8)
Net (loss) income attributable to CIEC common stockholders (15,742) 11,066
Amounts attributable to CIEC common stockholders    
(Loss) Income before extraordinary item (27,011) 8,461
Extraordinary gain (less applicable income taxes of US$0) 13,117 2,605
Extraordinary loss (less applicable income taxes of US$0) (1,848) 0
Net (loss) income attributable to CIEC common stockholders (15,742) 11,066
Other comprehensive income    
Foreign currency translation adjustment 1,465 1,437
Comprehensive (loss) income $ (14,277) $ 12,503
(Losses) Earnings per share    
Weight average number of common stock outstanding - basic and diluted (in shares) 500,000,000 500,000,000
Net (loss) income per share of common stock outstanding before extraordinary item - basic and diluted (in dollars per share) $ (0.05) $ 0.02
Net (loss) income per share of common stock outstanding after extraordinary item - basic and diluted (in dollar per share) $ (0.03) $ 0.02