Kaiser Group Holdings Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2012
Kaiser Group Holdings Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported operating loss of $2,594,000 compared to $746,000 a year ago. Loss before income tax was $2,313,000 compared to $719,000 a year ago. Net loss was $2,313,000 or $1.75 loss per basic and diluted share compared to $719,000 or $0.51 loss per basic and diluted share a year ago. Net cash used in operating activities was $2,283,000 compared to $757,000 a year ago. Purchase of property and equipment was $65,000.