Plexus Resources Corp., 185 S. State, a natural resources company involved in precious metals, base metals and oil and gas production, lost $567,000 in the fiscal year ending June 30, 1990, compared to a $1.2 million loss in the same period a year ago.
Company officials said the reduction in the net income loss was due to the gain in the sale of Crown Butte Resources Limited shares with a partial offset from increased interest expense and amortization of debt issuance expense.Revenue in the fiscal year totaled $2.8 million compared to $611,000 in the previous fiscal year.
In the fourth quarter ending June 30, the company had $168,000 in net income compared to a loss of $812,000 in the same quarter a year ago, while revenue totaled $2.3 million compared to $175,000 in the quarter a year ago.