VLOV Inc. (VLOV) Posts Solid Q2, Six-month Financials
VLOV Inc., a designer and marketer of VLOV-brand fashion forward apparel for men in the People's Republic of China, today announced financial results for the second quarter and six months ended June 30, 2011. Net sales for the second quarter of 2011 were $20,588, a 14.7 percent increase from $17,946 for the same period in 2010. Net sales for the six months ended June 30, 2011, were $41,761, a 15.9 percent increase from $36,013 for the same period of 2010. Gross margin as a percentage of total net sales increased to 44.9 percent and 44.4 percent for the three and…