New Oriental Energy & Chemical Corp. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2009. In its second quarter ended September 30, 2009, the company reported that revenues of $7,553,115 compared with $14,260,705 in the same period in the prior fiscal year and were slightly lower than revenues of $8,384,866 in the first quarter this year. The net loss in the second quarter this year was $3,155,659, about matching the $3,161,527 first quarter loss, and was substantially greater than the $472,614 net loss in the second quarter last year. Loss from operations was $2,722,368 against $1,843,942 a year ago. Loss before income taxes was $3,142,652 against $1,069,013 a year ago. Net loss was $3,173,415 or $0.25 per share against $590,446 or $0.05 per share a year ago. For the six months ended September 30, 2009, the company reported revenues of $15,937,433 compared with $30,107,977 in the prior fiscal year first half. The loss through the first six months ended September 30, 2009 was $46,317,186 compared with net income of $795,438 in last year's first half. Loss from operations was $5,354,211 against $358,736 a year ago. Loss before income taxes was $6,239,156 against $187,664 a year ago. Net loss was $6,324,929 or $0.50 per share against net income of $246,123 or $0.02 per share a year ago.

New Oriental Energy & Chemical Corp. announced earnings results for the first quarter ended June 30, 2009. Loss from operations was $2,631,423 against income from operations of $1,460,296 a year ago. Loss before income taxes was $3,096,847 against income before income taxes of $1,241,374 a year ago. Reflecting reduced sales volumes and lower prices for its fertilizer and alternative fuel products, the company reported first quarter revenues declined to $8,384,866 compared with $15,595,093 in last year's first quarter. As compared with net income in the first quarter ended June 30, 2008 of $828,019, or $0.07 per basic and diluted share, the company incurred a loss of $3,161,527, or $0.25 per basic and diluted share, in the current fiscal year first quarter.

New Oriental Energy & Chemical Corp. reported consolidated earnings results for the year ended March 31, 2009. For the year, the company reported net loss of $3,729,007 or $0.30 basic and diluted loss per share on revenue of $52,545,647 compared to net income of $4,062,941 or $0.32 basic and diluted earnings per share on revenue of $67,832,920 for the year ended March 31, 2008. Comprehensive loss was $3,271,226 against income of $5,681,371 of prior year. Loss from continuing operations was $3,729,007 or $0.30 basic and diluted loss from continuing operations versus income of $4,040,275 or $0.32 basic and diluted earnings from continuing operations of previous year. Loss before income taxes was $5,164,001 compared to income of $5,972,970 for the year ended March 31, 2008.