Treecon Resources, Inc. Reports Earnings Results for the Fourth Quarter and the Fiscal Year Ended September 30, 2013
March 27, 2014
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TreeCon Resources, Inc. reported earnings results for the fourth quarter and the fiscal year ended September 30, 2013. For the quarter, the company's revenue was $18,152,657, an increase of $1,756,212, or 10.7%, compared to $16,396,445 in the quarter ending September 30, 2012. Net income was $301,618, an increase of $201,301, compared to $100,317 in the quarter ended September 30, 2012.
For the year, the company's revenues increased by $8,611,566, or approximately 18.0%, from $47,747,062 to $56,358,628, compared to the corresponding twelve-month period ended September 30, 2012. Net income increased by $755,031, or approximately 115%, from $653,520 to $1,408,551, compared to the twelve-month period ended September 30, 2012. On a per share basis, net income for the year was 6.2 cents per share compared to 2.9 cents per share in 2012.
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. 
