Vertex Energy, Inc. (VTNR) Posts Q4, FY 2011 Financial Results
Vertex Energy, a leading environmental services company that recycles industrial waste streams and off-specification commercial chemical products, today announced its financial results for the fourth quarter and full year ended December 31, 2011. Fourth quarter revenue increased nearly 100 percent to $31.3 million for 2011 compared with $15.7 million in revenue reported for the fourth quarter of 2010. Gross profit was $1.31 million compared with $1.48 million during the fourth quarter of 2010. Income from operations was $235,829 compared with $510,205 during the fourth quarter of 2010. Net income was $2.1 million compared to $467,280 in last year's fourth quarter;…