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Article: Imperial Announces Financial Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Imperial Petroleum, Inc. (OTCBB:IPMN) announced the financial results of its year ending July 31, 2009. The Company reported net income of approximately $10.8 million or $0.64/share on annual revenues of about $1.1 million.
Jeffrey T. Wilson, President of Imperial, said, "The sale of assets to retire our debt resulted in an overall gain for the year of about $13 million and resulted in a net gain of about $10.8 million. Now that we have retired our debt, we can focus on new acquisition opportunities for the Company using our remaining oil and gas ...