Energy & Technology Corp. (PKA) Technical Industries and Energy Announces Improved Profits and Future Direction
(firmenpresse) - LAFAYETTE, LA -- (Marketwired) -- 08/18/15 -- Energy & Technology Corp. (OTC PINK: ENGT), a fully reporting company, announced today its June 30, 2015, 2nd Quarter results. Revenues decreased 30.89% from the 2nd Quarter of 2014. Gross Profit increased 340.78%. The Company settled a lawsuit favorably during the quarter, which provided an adjusted Net Income increase of 998.67% for the 2nd Quarter of 2015 compared to the 2nd Quarter of 2014.
George Sfeir, President and CEO of Energy & Technology, remarked, "With oil prices and the active rig count down significantly, we have gone from being backlogged with work, to having to hire additional marketing staff to increase revenue. We also see the current market as an opportunity to make synergistic acquisitions in the oil services and oil tool sector and to expand internationally."
Energy & Technology Corp. has production facilities in Houston, Texas and Abbeville, Louisiana. Energy & Technology Corp. provides non-destructive testing (NDT) services, OCTG and oilfield pipe sales, service and storage, and rig and equipment sales. The Company currently serves customers throughout the oil patch of Louisiana and Texas, as well as in Canada, Mexico, and the Gulf of Mexico. The Company's customer base of over 130 accounts, consist of major oil companies, steel mills, material suppliers, drilling companies, tool rental companies, and natural gas storage operators. Due to its technology, the Company maintains advantages in offshore deepwater and other onshore critical projects.
For more information on ENGT, please view: .
Forward Looking Statement:
This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company's expectations, among other things, are dependent upon economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to operate its subsidiary companies effectively, need for and availability of more capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company's filings with the Securities and Exchange Commission.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 18.08.2015 - 13:30 Uhr
Sprache: Deutsch
News-ID 414409
Anzahl Zeichen: 0
contact information:
Town:
LAFAYETTE, LA
Kategorie:
Oil & Gas
Diese Pressemitteilung wurde bisher 162 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Energy & Technology Corp. (PKA) Technical Industries and Energy Announces Improved Profits and Future Direction"
steht unter der journalistisch-redaktionellen Verantwortung von
Energy & Technology Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
