QKL Stores Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, net sales were $56,433,109 against $51,655,611 for the same period of last year. Loss from operations was $3,485,648 against $2,734,161 for the same period of last year. Loss before income taxes was $4,529,961 against $3,759,032 for the same period of last year. Net loss was $4,540,897 against $3,762,899 for the same period of last year. Losses per diluted share was $2.98 against $2.47 for the same period of last year. The change in Net Sales were primarily attributable to the following: Same store sales represents sales from stores that were opened for at least one year before the beginning of the comparison period, or by January 1, 2014. Same store (41 stores) sales generated approximately $49.1 million in sales in the second quarter of 2015, a decrease of $0.8 million, or 1.6%, compared with $49.9 million in net sales in the second quarter of 2014.

For the six months, net sales were $148,990,795 against $137,688,287 for the same period of last year. Loss from operations was $7,066,953 against $4,515,595 for the same period of last year. Loss before income taxes was $9,105,039 against $6,809,610 for the same period of last year. Net loss was $9,124,070 against $6,819,349 for the same period of last year. Losses per diluted share was $5.99 against $4.48 for the same period of last year.