SAN DIEGO, May 16, 2013 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (Nasdaq:ROYL) today announced financial results for the first quarter of 2013, highlighting increased Cash Flow from Operations. As a result of its efforts to reduce costs during the recent cycle of lower gas prices and production, the company decreased its Net Loss of $1,365,668 or $(0.13) per share for the first quarter of 2012 to $1,355,797 or $(0.11) per share for the same period in 2013. While Total Revenues declined 32.8% from $701,578 in Q1 2012 to $471,666 in Q1 2013, the reduction of bank debt and G&A expenses lifted Cash Flow from Operations from $303,522 in the first quarter of 2012 to $401,190 in 2013. The first quarter's Cash Flow from Operation represents a 77% improvement over the full year's 2012 Cash Flow from Operation of $226,193.
Royale's First Quarter Cash Flow From Operations 77% Above Full Year 2012
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