Barnwell Industries (BRN) Reports Q1 Loss Per Share of $0.19

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Go back to Barnwell Industries (BRN) Reports Q1 Loss Per Share of $0.19

Barnwell Industries, Inc. Reports Results for the Second Quarter and Six Months Ended March 31, 2016

May 11, 2016 8:30 AM EDT

HONOLULU, May 11, 2016 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE MKT: BRN) today reported net losses of $1,608,000 ($0.19 per share) and $3,017,000 ($0.36 per share) for the three and six months ended March 31, 2016, respectively, as compared to net losses of $2,017,000 ($0.24 per share) and $2,484,000 ($0.30 per share) for the three and six months ended March 31, 2015, respectively.

Mr. Morton H. Kinzler, Chairman and Chief Executive Officer of Barnwell, commented, The loss for the quarter ended March 31, 2016 decreased as compared to last years three months ended March 31, 2015 as the Company reduced general and administrative expenses by $576,000, 27%.  The quarter was still... More