Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Company - Overseas
 Search News  Or
QKL Stores swings to losses in Q4

Apr. 10, 2012 (China Knowledge) - QKL Stores Inc<QKLS>, a leading supermarket chain in Northeast China and the Inner Mongolia Autonomous Region, suffered a net loss of approximately US$18.3 million in the fourth quarter of 2011, compared with a net profit of US$2.4 million in the same period of 2010.

Diluted loss per American Depositary Share was US$0.60 in the fourth quarter 2011, compared with diluted earnings per ADS of US$0.06 in the corresponding period of 2010.

Revenue for the fourth quarter 2011 increased by 20.9% year on year from US$85.8 million to US$103.7 million.

At the end of last year, the company had 54 stores totaling 324,400 square meters, whereas it had 43 stores totaling 205,976 sq m as of Dec. 31, 2010.

Chairman and CEO Wang Zhuangyi said the firm opened one new store in the fourth quarter 2011. The store, located in Daqing, Heilongjiang Province, has an area of 2,400 sq m.

For the whole year of 2011, U.S.-listed QKL Stores suffered US$16.6 million in net loss, compared with US$17.4 million of net profit it earned in 2010.

Net sales for last year increased by US$72.1 million, or 24.2%, to US$370.5 million.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved