Macaulay lost 12.1 million dollars in the second quarter.

Absrtact: September 19, Macaulay (Nasdaq Securities Code: MCOX) released its second-quarter earnings in Thursday as of June 30, 2014. According to the results, Macaulay's net revenue for the second quarter was $21.8 million trillion, flat against a year earlier, with a net loss of 12.1 million U.S.

September 19, Macaulay (Nasdaq Securities Code: MCOX) released its second-quarter earnings as of June 30, 2014 in Thursday. According to the results, Macaulay's net revenue for the second quarter was $21.8 million, flat against a year earlier, with a net loss of $12.1 million and a net loss of $6.2 million a year earlier.

Mecoxlane announced August 8 this year, the company's board of directors approved the split apparel and accessories business. It will sell Mixblu and its subsidiaries to fast fashion China, which is controlled by the former chief executive, in accordance with an equity acquisition agreement reached on August 8, 2014. In view of this, Macaulay in the second quarter of the earnings will be the apparel and accessories business as a non-sustainable operations.

Main achievements in the second quarter:

--Macaulay's net revenue for the second quarter was $21.8 million, flat from a year earlier, with a net revenue of 11.2 million U.S. dollars in the second quarter, and a 12.3% increase from 10 million U.S. dollars a year earlier; 11.8 million of dollars fell 10.6% from a year earlier.

-Macaulay's gross profit for the second quarter was $10.7 million, up 31.6% from 8.1 million US dollars a year earlier, while Macquarie continued to run its second-quarter gross profit of 7.6 million dollars, rising 6.6 million dollars from a year earlier, and a gross profit of $14.5% trillion in the second-quarter non-sustainable operations. , up 108% from $1.5 million a year earlier.

Macaulay's total operating expenditure for the second quarter was $12.3 million, down 10.9% from the 13.8 million dollar a year earlier. Macquarie's continued operations in the second quarter, operating at $5.6 million trillion, rose 16.2% from a year earlier, while the operation of the company's operations in the second quarter was $6.7 million, down 25.3% from a year earlier.

--In the second quarter, the sales, general services and administrative expenses of the company from continuous operations and non-sustainable operations were $5.4 million and USD 6 million, respectively, at $4.8 million and $8.2 million a year earlier.

Macaulay's net loss in the second quarter was $12.1 million, which widened from a net loss of $6.2 million a year earlier. In the second quarter, the net profit from continuing operations was $800,000, with a net profit of $1.3 million a year earlier, and a net loss of $12.9 million in the second quarter from non-sustainable operations, with a net loss of $7.5 million a year earlier.

-As of June 30, 2014, the total cash and cash equivalents of the continued operations of Macaulay were USD 6.5 million, up to December 31, 2013 at $14.3 million. As of June 30, 2014, the short-term investments held by Macaulay continued to be $700,000 trillion, zero at December 31, 2013, all of which are in the form of structured periodic bank deposits. (Mingxuan)