Mr. Nick Taylor reports
SOFTROCK INCREASES FIRST HALF AND SECOND QUARTER INCOME
Softrock Minerals Ltd. has recorded a sharp increase in revenue over both the second quarter and first half of 2019 over the same intervals in 2018.
Second quarter revenue was $41,395 this year compared with $3,344 last year, and first half revenue this year was $49,190 compared with $9,760 last year.
Expenses have been kept the same, so the company's profit has also increased. The increase in revenue and profit is due to an increase in oil wells that the company receives royalties from, from three wells to four, with further increases expected some time in the future as there are two more inside royalty locations to be drilled.
Details of the financial statements and management's discussion and analysis are available on-line at SEDAR.
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