TreeCon Resources, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2015
May 27, 2015
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TreeCon Resources, Inc. reported earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company reported that revenue was $21,683,619, an increase of $5,906,308, or 37%, compared to $15,777,311 in the quarter ended March 31, 2014. Net income was $708,161, an increase of $299,061, or 73%, compared to $409,100 in the quarter ended March 31, 2014. On a per share basis, net income for the quarter was 3.1 cents per share compared to 1.8 cents per share in 2014.
For the six months, revenues increased by $12,396,477, or approximately 41%, from $30,221,706 to $42,618,183, compared to the corresponding six-month period ended March 31, 2014. Net income increased by $837,475, or approximately 111%, from $751,591 to $1,589,066, compared to the six-month period ended March 31, 2014. On a per share basis, net income was 7.0 cents per share compared to 3.3 cents per share in 2014.
TreeCon Resources, Inc. is a holding company, which through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and real estate. The Company operates a portfolio of businesses based primarily in the east Texas forest region. Its logging and heavy equipment dealership operations are conducted through its subsidiary Texas Timberjack, with sales, leasing, financing and service locations in Lufkin, Jasper and Cleveland, Texas. Its lumber and treating operations are conducted through its subsidiaries, Southern Forest Products in Newton County, Texas and International Forest Products in Houston, Texas. Its Texas Frac Fluids operates an oilfield services facility in northeast Texas producing water-based fluids for the oil and gas industry. The Company also owns and manages a real estate portfolio consisting primarily of timberlands in Texas and Louisiana.
TREECON RESOURCES, INC. 
