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.