Treecon Resources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2013
August 07, 2013
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TreeCon Resources, Inc. reported earnings results for the third quarter and nine months ended June 30, 2013. For the quarter, the company's revenue was $14,311,326, an increase of $2,209,381 or 18.2%, compared to $12,101,945 in the quarter ended June 30, 2012. Net income was $313,091, a decrease of $290 compared to $313,381 in the quarter ended June 30, 2012. On a per share basis, net income was 1.4 cents per share.
For the nine months, the company's revenues increased by $6,855,354, or approximately 21.8%, from $31,350,617 to $38,205,971, compared to the corresponding nine-month period ended June 30, 2012. Net income increased by $553,730, from $553,203 to $1,106,933, compared to the nine-month period ended June 30, 2012. On a per share basis, net income was 4.9 cents per share compared to 2.4 cents per share (adjusted) for the corresponding period 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. 
