QKL Stores Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
For the six months, the company loss from operations was $4,515,595, loss before income taxes was $6,809,610, net loss of $6,819,349, comprehensive loss of $7,551,520 or $4.48 diluted loss per share on net sales of $137,688,287 against loss from operations was $1,029,208, loss before income taxes was $1,097,532, net loss of $1,050,941, comprehensive income of $582,112 or $0.69 diluted loss per share on net sales of $156,053,109 for the same period a year ago. Net cash provided by operating activities was $20,166,816 against $29,458,919 for the same period a year ago. Purchases of property, plant and equipment was $1,603,149 against $538,595 for the same period a year ago.