New York, NY, June 30, 2010-Free-Cash-News reports that negative Free Cash Flow for Phoenix Energy Resource Corporation (OTC:PNXE.D) for its quarter ended March 31, 2010 was $(24,613), a 44% improvement over the year earlier same quarter when Phoenix Energy Resource generated $(43,957) in negative Free Cash Flow. According to Free-Cash-News Phoenix Energy Resource has generated fourteen consecutive quarters of negative Free Cash Flow.
For Phoenix Energy Resource's twelve months ended March 31, 2010 Free Cash Flow was $(143,563), compared with $(201,582), a 29% improvement over the comparable year earlier twelve months.
The shares of Phoenix Energy Resource were recently trading at $0.02.
Free-Cash-News utilizes the following definition or calculation for its published Free Cash Flow news and reports:
Free cash flow is defined as cash flow from operations or operating cash flow plus or minus capital expenditures. "Capital Expenditures" is a line item, which can be found in the Cash Flow From Investments section of a company's Cash Flow Statement which is filed quarterly in the 10Q and 10K reports that are required to be filed by publicly traded companies with the U.S. Securities & Exchange Commission.
Free-Cash-News publishes quarterly updates on Free Cash Flow for approximately 8,200 publicly traded U.S. companies. It also monitors and publishes news and special reports on 216 industry groups. More information on Free-Cash-News is available at www.StockTrendNews.com.
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