TUCSON, AZ - (NewMediaWire) - July 08, 2024 - Titan NRG, Inc. ("Titan NRG" OTC: TTNN), a leader in downstream energy and transportation through its wholly-owned subsidiaries, releases their annual report for the fiscal year ending March 31st, 2024.
Were excited to release our Annual Disclosure for our fiscal year-end. This past year, we really concentrated on efficiencies and cost savings where possible, and it really showed. We had a 70% increase in our Net Operating Income versus the prior year. That's a substantial increase, said Alex Majalca Jr., Titan NRGs President and CEO.
Titan NRG continues to work toward becoming fully audited. Theres so much work happening in the background to prepare us for a full financial audit, and Im incredibly proud of our team and the work theyve produced thus far. Alex Majalca Jr. went on to say, I expect that well resume the auditing process towards the middle of August 2024.
Were seeing consolidation in our market space. I think there may be some opportunities for acquisitions here in the near future, said Alex Majalca Jr.
Key Highlights from the Fiscal year 2024 ending March 31st, 2024 include:
$1,060,739 in Net Operating Income compared to $623,979 a year ago$ 1,005,704 in Accounts Receivable$ 984,657 cash on hand$ 6,414,254 in capital assets(before depreciation and book value) $ 8,907,495 in total revenueFor further information, the full Annual Report for the fiscal year ending March 31st, 2024, can be accessed on the OTC Markets website at: https://www.otcmarkets.com/otcapi/company/financial-report/406820/content
Contact:
Titan NRG, Inc.
alex@titannrg.com
About Titan NRG Inc.:
www.titannrg.com
www.twitter.com/TitanNRGir@titannrg.com
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