Mexco Energy Corporation (MXC)

[Crypto__1]

MXC IS CURRENTLY PROFITABLE! Operating revenues in fiscal 2018 were $2,705,235, an increase of 7% when compared to fiscal 2017 operating revenues of $2,525,363.  This is the result of a 18% increase in oil prices and a 17% increase in gas prices partially offset by an 11% decrease in gas production.

The Company reported a profit of $264,461 for the quarter ending March 31, 2018, the Company’s fourth quarter of fiscal 2018, compared to a loss of $3,454 from the comparable quarter of fiscal 2017.  Operating revenues in the fourth quarter were $763,532 compared to $684,204 for the same quarter in fiscal 2017, an increase of 12%.  This is primarily the result of increased oil and natural gas prices and a decrease in depreciation, depletion and amortization


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