Kaiser Group Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2011
Kaiser Group Holdings Inc. reported unaudited consolidated earnings results for the year ended December 31, 2011. For the year, the company reported operating loss of $6,938,000 compared to $3,723,000 a year ago. Loss before income tax was $14,264,000 compared to $3,250,000 a year ago. Net loss was $14,264,000 or $10.35 loss per basic and diluted share compared to $2,236,000 or $1.58 loss per basic and diluted share a year ago. Net cash used in operating activities was $6,809,000 against $2,111,000 a year ago. Purchase of property and equipment was $320,000.