finance.yahoo.com

Vivakor Returns to Positive Operating Income as Revenue Rises in Q2

Vivakor logoVivakor
Sig1.90Sen+4.80Env0.00Soc0.00Gov0.00

Vivakor reported second-quarter revenue up 10% to $32.1 million, with gross profit rising 45% to $6.6 million. Operating income improved to about $0.2 million versus an operating loss of $6.8 million a year earlier. The turnaround was attributed to continued expansion of Supply & Trading and improved midstream profitability.

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