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Lucas Energy Details Recent Financial Results

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June 30, 2014

Lucas Energy Inc. (NYSE MKT: LEI) detailed its financial results for fiscal year (FY) 2014, whose fourth quarter ended March 31, the company said June 27. Results for the whole FY and for its final quarter were both provided, the company said.

FY 2014 saw a net loss of $4.7 million, which was less than the FY 2013’s $6.8 million net loss, the company said. Net operating revenues decreased 37% to $5.2 million, mostly from the sale of the Baker DeForest properties, Lucas added. The FY results did not reflect ...

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