Victory Energy Corporation Announces Earnings Results for the Three Months Ended March 31, 2018
May 15, 2018 at 06:15 pm EDT
Victory Energy Corporation announced earnings results for the three months ended March 31, 2018. For the three months, the company reported loss from continuing operations decreased $208,341, or 30%, to $485,896 for the three months ended March 31, 2018 from a loss of $694,237 for the three months ended March 31, 2017. The decrease was primarily due to previously discussed lower general and administrative costs and interest expense. Income from discontinued operations increased $19,026, or 63%, to $49,086 for the three months ended March 31, 2018 from $30,060 for the three months ended March 31, 2017. The income from discontinued operations in both periods was due to the company’s divestiture of its 50% interest in the Aurora partnership.