New Concept Energy (GBR) Reports Q2 EPS of $0.06

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Go back to New Concept Energy (GBR) Reports Q2 EPS of $0.06

New Concept Energy, Inc. Reports Second Quarter 2015 Results

August 12, 2015 5:43 PM EDT

DALLAS--(BUSINESS WIRE)-- New Concept Energy, Inc. (NYSE MKT: GBR), (the Company or NCE) a Dallas-based oil and gas company, today reported net income for the three months ended June 30, 2015 of $110,000 or $0.06 per share, compared to a net loss of $99,000 or $0.05 per share for the three months ended June 30, 2014. Included in 2015 was income for a recovery of bad debt expense of $384,000.

For the six months ended June 30, 2015 the Company reported net income of $424,000 or $0.22 per share as compared to a net loss of $139,000 or $0.07 per share for the three months ended June 30, 2014.

Operating expenses included... More