Kaiser Group Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2012
For the six months, the company reported operating loss of $5,327,000 compared to $1,718,000 a year ago. Loss before income tax was $7,794,000 compared to $1,520,000 a year ago. Net loss was $7,794,000 or $5.90 loss per basic and diluted share compared to $1,520,000 or $1.08 loss per basic and diluted share a year ago. Net cash used in operating activities was $4,194,000 compared to $1,291,000 a year ago. Purchase of property and equipment was $83,000.