New Concept Energy reports Q2 net income of $138K, up from $49K YoY; includes one-time gains of $130K

New Concept Energy, Inc.

2023-Q2 EPS reported $0.03 revenue$92,000

Net income of $138K ($0.02 EPS) in Q2 2022 vs $49K ($0.01 EPS) in Q2 2021.
Revenue of $47K includes $26K rental income and $21K management fees vs $26K rental income only in prior year.
Other income of $184K includes $62K from collection of fully reserved investment and $68K gain on equipment sale.
Corporate G&A decreased to $80K from $111K; cash at $372K vs $252K at year-end.
Six-month net income $143K ($0.03 EPS) vs $128K ($0.02 EPS) in prior period.

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