QKL Stores Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
For the nine months, the company net sales were $198,809,303 against $215,296,669 a year ago. Loss from operations was $9,335,070 against $3,030,366 a year ago. Loss before income taxes was $12,279,140 against $3,258,131 a year ago. Net loss was $12,300,236 against $2,743,148 a year ago. Basic and diluted loss per share was $8.08 against $1.76 a year ago. Net cash provided by operating activities was $16,875,654 against $26,286,202 a year ago. Purchases of property, plant and equipment was $3,229,057 against $787,373 a year ago.