Pernix Group Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. The Company generated consolidated revenue in the second quarter of 2014 of $16.2 million, as compared to $17.7 million in the comparable period of 2013. Construction segment revenue declined from $16.1 million to $14.4 million, due primarily to achieving substantial completion of a large containerized housing (CHU) project while revenue from several new projects substantially offset the decline from the CHU project. Gross profit increased 7% or $0.3 million to $3.9 million in the second quarter of 2014 as compared to the comparable period in 2013 fueled by lower anticipated costs related to the two international projects that are now substantially complete or are expected be completed during the third quarter of 2014. The increase in Construction margin more than offset a slight power generation margin decline resulting mainly from planned maintenance costs at both power plants in Fiji. Pretax income attributable to Pernix shareholders was $0.2 million for the quarter compared to $0.6 million for the prior year quarter, primarily reflecting higher earnings attributable to joint ventures and thus to company's joint venture partners coupled with additional compensation expense related to the recent hiring of key construction segment support as well as construction and power business development personnel. These recently hired employees are essential to Company's ongoing commitment to exceed customer expectations, deliver safely and on time and to execute the strategic goals of growth and diversification. Consolidated net income attributable to common stockholders was $0.1 million in the second quarter of this year, or $0.01 basic and diluted earnings per share, as compared to $0.7 million in the comparable period last year, or $0.07 per share.

For the year to date, the company reported EPS of $0.02.