Petrogress Inc. (PGAS)

[canadiantrader_matt]

ATTN PGAS Shareholders
AMAZING FINS RESULTS released proving $PGAS is undervalued. Here is a rounded Sum-up of the Q3 Fins for those who don’t want or understand how to read them.
- Total assets are up 2.5MM vs Q2
- Revenue is down roughly 20% vs 2016 *however* cost of goods have decreased from 66% to 45% making 2017 YTD more profitable
- YTD gross profit is 6.2MM vs 5.5MM in all of 2016
- How amazing is this!!! YTD gross profit has already exceeded all of 2016 and we still have a quarter to go!!!!! Best quarter in 2016 was trading at 9 cents a share. We exceeded 2016 profits in 1st 9 months and trading at 3.5 cents a share.
- 2017 YTD Net profit of the business is 1.5MM YTD vs 233K in all of 2016
- Net Income per share YTD is .009 and based on progress of the company end of year should exceed 1 cent per share.

All in all, revenues are down but profits are up and with these 2 new acquisitions our revenues and profits should climb even higher. Not often you find a company with a market cap half of its current assets and lower than its revenue. Happy to be a shareholder here!!!