TreeCon Resources, Inc. Financial Report: First Quarter Ended December 31, 2011

February 20, 2012

TreeCon Resources, Inc. (OTCPink: TCOR.PK) reported revenues for its fiscal first quarter ended December 31, 2011 fell 22% to $11.92 million compared to revenues of $15.27 million during the first quarter of the prior fiscal year.

Net income for the first quarter was down 62.4% to $255 thousand or $0.014 per share versus net income of $679 thousand or $0.036 per share during the first quarter of fiscal 2011.  Net income was negatively impacted by lower revenues and lower gross profit margins.  The company also reported other expenses of $78 thousand in the first quarter of fiscal 2012 compared to other income of $30 thousand during the first quarter of fiscal 2011.

Treecon Resources, Inc. is engaged in the selling, leasing, and financing of industrial logging equipment as well as the harvesting and processing of timber products.  The company also provides oilfield fluids and services to the oil and gas industry.

Source: Treecon Resources, Inc.


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