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Texas Gulf Energy Swings To FY11 Profit

Texas Gulf Energy, Inc. (TXGE) Wednesday reported earnings of $1.1 million or $0.0004 per share for the fiscal year 2011, compared to a loss of $2.6 million or $0.09 per share last year. This swing in the profit reflects improved overall market for construction services.

Revenues for the period grew 29 percent to $30.9 million from $24 million last year.

by RTT Staff Writer

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