January 8, 2018 - 9:30 AM EST
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Petrogress, Inc. (PGAS) Strategy Prepares Company to Greet Possible Oil Industry Recovery

  • Oil industry services company added millions to its value in 2017 amid expansion effort
  • Petrogress, Inc. leadership maintained profitability amid down-revenue period
  • Trade partnerships position company to work with major industry players on key shipping routes

News that the oil and gas industry may be entering an extended recovery period following years characterized by decreased prices, a lack of investor confidence and a number of bankruptcies is only adding to the optimism of survivors like Petrogress, Inc. (OTC: PGAS), which capitalized on sound management practices to report a significant rise in profitability during last year’s third quarter and a record adjusted report of earnings despite a slump in the company’s sales volume.

In a news release, PGAS CEO Christos P. Traios stated, “The fact that revenues were down didn’t impact the fact that we still ended up showing a profit… We are stockpiling cash and prepaying expenses and also reflecting...

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Source: NetworkNewsWire (January 8, 2018 - 9:30 AM EST)

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