QKL Stores (QKLS) Reports Q1 Loss of $3.01

Go back to QKL Stores (QKLS) Reports Q1 Loss of $3.01

QKL Stores Inc. Announces First Quarter 2015 Financial Results

May 15, 2015 6:00 AM EDT

DAQING, China, May 15, 2015 /PRNewswire/ -- QKL Stores Inc. (the "Company") (Nasdaq: QKLS), a leading regional supermarket chain in Northeastern China and Inner Mongolia, today announced its financial results for the first quarter ended March 31, 2015.

Mr. Zhuangyi Wang, Chairman and CEO, said, "We closed two stores in the first quarter, and finished the first quarter operating a total of 47 stores, comprised of 26 supermarkets, 17 hypermarkets and 4 department stores. As our new store opening plan for 2015, the two more new stores are going to open in the second half of... More