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Rex American Resources Corporation  (REX)
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Exceptional 22.715%, jump in Revenues by REX amid the May to July 31 2022 three months

REX reported second quarter of 2022 operating surplus of $7.436 millions

Published 2022-09-02T17:09:33+00:00
Goran Soko / CSIMarket.com Contributer

plant_with_tanks_By_Alexandr_2012_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Common Surge in Revenue could not lift Rex American Resources Corporations' bottom-line, in the May to July 31 2022 reached balanced books at $0.00 per share, Revenues jumped by 22.715 % to $240.33 millions from the comparable financial reporting period a year before.

Sequentially from $0.00 per share and Revenues improved by 23.735 % from $194.23 millions.


Earnings of $14.885 millions in the fiscal time-frame closing July 31 2022 increased by 48.08 % from net earnings of $10.052 millions reported in the fiscal time-frame closing July 31 2022 a year ago. Rex American Resources Corporation also emphasized it's improving profit margins, where net margin rose to 6.19% in fiscal time-frame closing July 31 2022, and operating margin edged up to 3.09%.
Operating earnings, however, rose 65.54% to $7.436 millions.

Rex American Resources Corporation is expected to report next financial recent numbers on December 02, 2022.


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