Noble Iron Sees 28% Revenue Increase

August 31, 2015

Noble Iron revenues rose 28 percent or 1.3 million for the first six months of 2015, compared to the same period last year. The company posted total revenue of $6.6 million in the second quarter, an increase of 28 percent compared to the second quarter of 2014.

For the first six months of 2015 revenue was $12.2 million, compared to $10.4 million in 2014, a 17.9-percent jump. However, net loss was $5.1 million compared to $2.5 million a year ago.

Noble Iron recorded a net loss of $5.2 million and $2.5 million for the six months ended June 30, 2015 and 2014, respectively, resulting in a decline in profits of $2.6 million. For the second quarter of 2015, Noble Iron recorded net loss of $2.4 million compared to a net loss of $1.8 million for the three months ended June 30, 2014, resulting in a decline in profits of $0.6 million. 

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