QKL Stores Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported net sales of $58,995,918 compared to $83,221,544 a year ago. Loss from operations was $1,826,107 compared to income from operations of $61,039 a year ago. Loss before income taxes was $1,790,396 compared to income before income taxes of $37,543 a year ago. Net loss was $1,454,211 or $0.955 basic and diluted per share compared to income of $9,611 or $0.006 basic and diluted per share a year ago. The change in Net Sales were primarily attributable to same store sales represent sales from stores that were opened for at least one year before the beginning of the comparison period, or by April 1, 2012. Same store (44 stores) sales generated approximately $57.4 million sales in the second quarter of 2013, a decrease of $16.1 million, or 21.8% compared with $73.5 million net sales in the second quarter of 2012. New store sales decreased, reflecting the opening of one new store since April 1, 2012. The one store generated approximately $1.6 million sales in the second quarter of 2012.

For the six months, net sales were $156,053,109 compared to $195,260,160 a year ago. Loss from operations was $1,029,208 compared to income from operations of $1,609,503 a year ago. Loss before income taxes was $1,097,532 compared to income before income taxes $1,318,626 a year ago. Net loss was $1,050,941 or $0.693 diluted per share compared to income of $840,212 or $0.544 diluted per share a year ago. Net cash provided by operating activities was $29,458,919 compared to $22,439,721 a year ago. Purchases of property, plant and equipment was $538,595 compared to $2,354,873 a year ago.