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Article: United Heritage Corporation Announces Financial Results for the Three and Nine Months Ended December 31, 2006.
- Article from:
- PR Newswire
- Article date:
- February 20, 2007
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MIDLAND, Texas, Feb. 20 /PRNewswire-FirstCall/ -- United Heritage Corporation today announced its financial results for the three and nine months ended December 31, 2006.
Revenues for the three months ended December 31, 2006 increased approximately 40%, to $253,904, as compared to $181,436 for the three months ended December 31, 2005. Revenues for the nine month period increased by approximately 85% over the same period in the 2005 fiscal year, from $492,961 for the nine months ended December 31, 2005 to $909,995. The increase in revenue was due primarily to increased sales production volume and improved prices for oil sold.
Total operating costs and ...