QKL Stores Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
For the nine months, the company reported net sales of $215,296,669 compared to $279,603,670 a year ago. Loss from operations was $3,030,366 compared to income from operations of $359,663 a year ago. Loss before income taxes was $3,258,131 compared to $114,875 a year ago. Net loss was $2,743,148 or $1.763 per basic and diluted share compared to $267,195 or $0.203 per basic and diluted share a year ago. Net cash provided by operating activities was $26,286,202 compared to $17,655,965 a year ago. Purchases of property, plant and equipment were $787,373 compared to $3,648,874 a year ago.