QKL Stores Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, net sales were $97,057,191 compared to $112,038,616 a year ago. Income from operations was $796,899 compared to $1,548,464 a year ago.

Income before income taxes was $692,864 compared to $1,281,083 a year ago. Net income was $403,270 or $0.27 basic and diluted per share compared to $830,601 or $0.54 basic and diluted per share a year ago. Net cash provided by operating activities was $24,268,895 compared to $29,407,812 a year ago.

Purchases of property, plant and equipment was $350,987 compared to $827,585 a year ago. Revenue was decreased by 13.4% to $97.1 million from $112.0 million in the first quarter of 2012. Revenue performance reflected the 45 comparable stores, which are stores that have been open for at least one year before the beginning of the comparison period, or by January 1, 2012, as well as sales from the net opening of one new store since January 1, 2012.

Same-store sales were approximately $93.6 million, representing a decrease of 5.6% from $99.1 million in the first quarter of 2012. One new store opened since January 1, 2012 generated approximately $1.1 million in sales in the first quarter of 2013.