Streicher Mobile Fueling Reports Loss for Quarter
treicher Mobile Fueling, which provides petroleum product distribution, logistics and emergency response services to the trucking, construction, utility and other industries, reported Tuesday that it had a net loss for its fourth quarter ended June 30.
Streicher said it lost $225,000, or 3 cents a share, compared with a loss of $57,000, 1 cent a year earlier.
The company attributed the higher net loss to increases in selling, administrative and interest expenses and depreciation.
The increases were mostly due to its acquisition of Shank Services in February, and higher fuel prices.
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