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Focusing on the July to September 30 2022 profits jumped by 60.98 % to $6.60 per share, followed by Revenue boost of 13.112 % to $
3.62 millions, compared with the prior year period.
From the previous reporting period, profits grew by 24.76 % from $5.29 per share and Revenues fell by -17.98 % from $4.41 millions.
Bottom-line of $1.031 millions in the third quarter of 2022 increased by 60.45 % from break-even achieved in the corresponding reporting period a year ago. Reserve Petroleum Co also emphasized it's improving profit margins, where net margin rose to 28.5% in third quarter of 2022, and operating margin edged up to 40.4%.
Operating earnings, however, rose 62.38% to $1.461729 millions.
Reserve Petroleum Co is expected to report next financial recent numbers on March 30, 2023.