TreeCon Resources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014
September 11, 2014
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TreeCon Resources, Inc. reported earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported revenue of $21,008,224, an increase of $6,696,898 or 46%, compared to $14,311,326 in the quarter ended June 30, 2013. Net income was $993,206, an increase of $680,115 compared to $313,091 in the quarter ended June 30, 2013. On a per share basis, net income for the quarter was 4.4 cents per share.
For the nine-months, the company's revenues increased by $13,023,959, or approximately 34%, from $38,205,971 to $51,229,930, compared to the corresponding nine-month period ended June 30, 2013. Net income increased by $637,864, from $1,106,933 to $1,744,797, compared to the nine-month period ended June 30, 2013. On a per share basis, net income for the nine-month period was 7.7 cents per share compared to 4.9 cents per share for the corresponding period in 2013.
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. 
