QKL Stores Inc Reports Q4 EPS of $0.06 vs. $0.05

QKL Stores Inc. (Nasdaq:

) today announced its financial results for the quarter ended December 31, 2010. Revenue in the fourth quarter of 2010 increased 17.3% to $85.8 million from $73.2 million in the fourth quarter of 2009. Fourth quarter 2010 net income was approximately $2.4 million, or $0.06 per diluted share, compared with $12.1 million, or $0.33 per diluted share, for the same period in 2009. Excluding changes in the fair value of warrants, adjusted net income for the three months ended December 31, 2010 was $2.4 million, or $0.06 per diluted share, compared to $2.6 million, or $0.07 per diluted share, in the period prior year.