Revenue Update on QKL Stores Inc(NASDAQ:QKLS)

QKL Stores Inc(NASDAQ:QKLS) announced the earnings results for Fiscal Year 2015 and Q4. The results came in during Pre-market on Apr 14, 2016. Earnings per share were $-11.99.

QKL Stores Inc (QKLS) shares turned negative on Mondays trading session with the shares closing down -0.04 points or -6.90% at a volume of 10,692. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $0.54. The peak price level was also seen at $0.54 while the days lowest was $0.51. Finally the shares closed at $0.54. The 52-week high of the shares is $3.94 while the 52-week low is $0.5. According to the latest information available, the market cap of the company is $0.82 M.

QKL Stores Inc. (QKL) is a retail company that operates a chain of supermarkets. As of December 31 2014 it operates 26 supermarkets 18 hypermarkets and four department stores in northeastern China and Inner Mongolia. The Company’s supermarkets and hypermarkets sell a range of merchandise including groceries fresh food and non-food items. The Company has five distribution centers servicing its supermarkets in Daqing Harbin Changchun and Jiamusi. The Company’s department stores sell brand-name and luxury clothing and accessories cosmetics small electronics jewelry books home furnishings and bedding and contain a movie theater and a traditional beauty salon. The Company’s merchandise is divided into three categories: grocery fresh food and nonfood items. The Company also sells other items such as fashionable clothing and cosmetics and seasonal items like gloves coats sunblock and swimsuits.

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