N-Viro International Corp. (NVIC.OB) Reports 56% Rise in Third Quarter Revenue
N-Viro International Corp., which handles biodegradable materials and waste and converts it to biofuel, showed a financially stronger company overall in its third quarter report. Revenues and gross profits are up and operating expenses are down for the company that has facilities in 10 states east of the Mississippi and another in Louisiana. Gross profits were up 27 percent from the 3Q in 2007, from $158,000 to $201,000. At the same time, operating expenses decreased 10 percent to $379,000 from $422,000. This, in turn, led to N-Viro’s reduction of operating loss to $178,000, compared to $264,000 at the same time…