Income up 41 Percent for NGS Group

Natural Gas Services Group Inc., a provider of equipment and services to the natural gas industry, announces its financial results for the third quarter and nine months ended September 30, 2007.

Total revenue increased from $17.1 million to $18.7 million, or 9 percent, for the three months ended September 30, 2007.

Operating income increased from $3.7 million to $5.2 million, or 42 percent, for the three months ended September 30, 2007, compared to the same period ended September 30, 2006.

Net income for the three months ended September 30, 2007, increased 41 percent to $3.3 million, as compared to net income of $2.4 million for the same period in 2006.

Net income for the nine months ended September 30, 2007 increased 65% to $8.7 million, as compared to net income of $5.3 million for the same period in 2006. The increase for the nine months of 2007 was mainly the result of increased operating income, lower interest expense on bank debt, and a higher interest received on our short-term investments.



Was this article helpful?

Related Articles

Leave A Comment?