Boston, MA 02/13/2014 (wallstreetpr) – Recon Technology, Ltd. (NASDAQ:RCON) which is Beijing based has announced it’s the financial results of the second quarter, for the financial year 2014. The company has announced EPS of $0.23 and revenue of $7.6 million. The revenue for the second quarter is, interestingly, higher than the previous year by over 0.6%.
Recon Technology, Ltd. (NASDAQ:RCON) is not a state-owned company, as is the rule in Communist China. Instead, this company operates as a liability company and operates as a limited company. The main line of operations for this Sino Company is its diversified product portfolio in hardware as well as well as software services, besides on-site services for companies.
Recon Technology, Ltd. (NASDAQ:RCON) typically provides extensive Information Technology related support for companies which are engaged in the mining industry. Additionally, it’s exposure is to petroleum mining companies and is also involved in the extraction industry, across the country.
Dominates automated petroleum extraction
Recon Technology, Ltd. (NASDAQ:RCON) has since established itself as a key player in delivering technical solutions and automated solutions for error and human-risk free extraction of petroleum. The core businesses for this company are controlled by method or outsourcing or contractual work to other Chinese-origin or China-owned companies. The most likely company for this kind of jobs is Beijing BHD Petroleum Technology Co. Ltd, Nanjing Recon Technology Co ltd besides the Jining ENI Energy Technology Co. Ltd. All of these companies are called as the domestic companies and are quick to deliver required expertise on-site or IT support.
Recon Technology, Ltd. (NASDAQ:RCON) focus has always been on the upstream sector, specifically in the oil and gas industry. The company’s automated services include the extraction as well as production of gas as well as oil and use of sophisticated tools plus provision for on-site hand-holding on technical issues. The services and products address needs of transportation of the oil and gas industry equipment.
Recon Technology, Ltd. (NASDAQ:RCON) second quarter results are indicative of its performance in the quarter.
