Mexco Energy Corp. (MXC) Reports First Fiscal Quarter 2011 Results
Mexco Energy Corporation reported strong year over year increases in net income and sales in the first quarter of fiscal 2011, ending 6/30/2010. The increase was due mostly to higher realized prices for the sale of oil and natural gas. Mexco Energy Corporation reported net income of $5,776 in the first quarter of fiscal 2011 compared to a net loss of $68,003, or ($0.04) per diluted share, in the corresponding quarter of fiscal 2010. Mexco Energy Corporation reported sales of $836,393 in the first quarter of fiscal 2011 compared to sales of $658,177 in the corresponding quarter of fiscal 2010.…