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Boston, MA 09/05/2014 (wallstreetpr) – Argan, Inc. (NYSE:AGX), the energy plants designer and builder, reported strong earnings for the quarter ended July 31, 2014 on Thursday.

Revenues For The Period

Argan, Inc. (NYSE:AGX)’s revenues for the quarter ended July 31, 2014 were reported to be $102 million, up from previous year’s $57.9 million. Its primary business subsidiary Gemma Power Systems LLC threw in revenues of as much as $100.4 million, which is almost 98% of the total revenues in the second quarter of 2015. This is comparable to the 96% of revenues, equivalent to $55.5 million, in the second quarter of 2014.

For the six-month tenure, ended July 31, 2014, the company reported revenues of as much as $153.2 million. Last year, during the same period, revenue was reported to be $104.5 million. Gemma’s contribution for the period was $150.2 million, which accounts for approximately 98% of the revenues in the first half of 2015. This is comparable to the 95% of revenue that Gemma had contributed in the same period last year.

Consolidated EBITDA was $13.9 million in the reported quarter, down from last year’s $20.2 million. Gemma reported EBITDA of around $15.1 million in the second quarter of 2015, which is comparable to the $19.6 million that it had recorded in the same period the prior year. Argan, Inc. (NYSE:AGX) reported EBITDA of $19.4 million for the six-month period, compared to the previous year’s $30.2 million. Gemma’s six-month EBITDA was $22 million, low from last year’s $30.7 million.

Promising New Projects

Argan, Inc. (NYSE:AGX)’s Chairman and Chief Executive Officer, Rainer Bosselmann, commented positively on the company’s financial results. He said that Gemma has initiated two projects, namely the Panda Patriot and the Panda Liberty, with great success. He said that the successful start of the projects promise to offer excellent ground for good financial performance by the company for a long period.

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While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).

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