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For the nine months ended 30 September 2014, Texas Gulf Energy Inc revenues decreased 60% to $3.1M. Net loss before extraordinary items decreased 29% to $1.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects General and administrative expense decrease of 60% to $1.7M (expense), Interest expense net decrease of 83% to $31K (expense).
Period Ending: | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 |
---|---|---|---|---|
Total Revenue | 3.52 | 1.24 | 1460.81 | 331.38 |
Gross Profit | 1.05 | 0.22 | 966.04 | 203.67 |
Operating Income | -0.05 | -0.34 | 872.51 | 173.9 |
Net Income | 0.02 | -0.81 | 522.59 | 115.65 |
Period Ending: | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 |
---|---|---|---|---|
Total Assets | 14.51 | 1.36 | 1989.23 | 3.9 |
Total Liabilities | 19.11 | 1.38 | 827.53 | 2.94 |
Total Equity | -4.59 | -0.02 | 1161.7 | 0.96 |
Period Ending: | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | 0.13 | 0.43 | 470.44 | 1.25 |
Cash From Investing Activities | 0 | -0 | -635.47 | 2.44 |
Cash From Financing Activities | -0.16 | -0.77 | -118.14 | -3.75 |
Net Change in Cash | -0.02 | -0.33 | -287.42 | -0.05 |
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