Yeah it's nice to see the bottom line growing slowly. At least the liabilities are off the books. Maybe the hare price can now accurately reflect what this company is worth.
Company publishes preliminary earnings report for three month period ended June 30, 2014
July 25, 2014 Tesoro Enterprises, Inc. (TSNP) issued preliminary financial performance information for the second quarter of 2014. Revenue for the three months ended June 30, 2014 was approximately $72,500, an increase of approximately $53,000, or 200%, over the revenue reported for the three months ended March 31, 2014 of $18,962. Net Income, before income tax, for the three months ended June 30, 2014 was approximately $3,900, an increase of approximately $26,758 over the Net Loss of ($22,858) for the three months ended March 31, 2014.
Company CEO, Henry J. Boucher, said that the improved performance of the company is the result of the replacement of the closed retail store in Wilton, CT with the acquisition of JZM electrical contractors, the increased in sales in the New Canaan, CT store and the reduced overhead of the retail store.
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