New Concept Energy, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 07, 2023 at 04:01 pm
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New Concept Energy, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.026 million compared to USD 0.026 million a year ago. Revenue was USD 0.035 million compared to USD 0.047 million a year ago. Net loss was USD 0.006 million compared to net income of USD 0.138 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.02 a year ago.
For the six months, sales was USD 0.051 million compared to USD 0.051 million a year ago. Revenue was USD 0.08 million compared to USD 0.092 million a year ago. Net income was USD 0.011 million compared to USD 0.143 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.03 a year ago.
New Concept Energy, Inc. owns approximately 190 acres of land located in Parkersburg, West Virginia. The land consists of four structures totaling approximately 53,000 square feet. Of this total area, the main industrial / office building contains approximately 24,800 square feet, of which approximately 16,000 of industrial area is leased. The Company is providing advisory and management services for an independent West Virginia oil and gas company. The Company also seeks to establish or acquire new business operations.
NEW CONCEPT ENERGY, INC. 