- Revenue for the quarter increased 53% to $20.3 million compared to $13.3 million for the first quarter of 2010;
- Gross profit increased 121% to $2.3 million compared with $1.0 million for the first quarter of 2010;
- Net income improved to $1.2 million compared to $270,000 in the first quarter of 2010;
- Earnings per share increased to $0.09 per fully diluted share, compared with $0.02 per diluted share in the first quarter of 2010;
- Overall volumes increased 20% compared to Q1 2010; and
- Gross margin per barrel handled increased by 84% relative to the same quarter last year.
Vertex Energy, Inc. Reports Increased Net Income, Revenue And Gross Profit For The First Quarter Of 2011 Compared To The First Quarter Of 2010
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