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What 3rd Quarter Financials Indicate for Lustros Inc (OTCMKTS:LSTS)

 
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Las Vegas, NV -- (SBWIRE) -- 12/06/2013 -- Lustros Inc (OTCMKTS:LSTS) is struggling for revenue generation. This is evident form its third quarter financial report narrating financial performance in quarter ended September 30, 2013. It was first time in the current year that the company earned $67,000 revenues.

Lustros says that the non-recurring expense of $0.12 million and selling general and administrative expenses of $0.731 million contributed in the $1.05 million operating loss. The operating loss was highest as compared to last four quarters.

The company suffered a net loss of $1.09 million. It is almost thrice the $0.38 million net loss of quarter ended June 30, 2013.

Lustros, Inc.is doing business of manufacturing copper sulfate through the mining and surplus tailings. The sites of the company are in Chile and its subsidiary Sulfatos Chile SA successfully completed its projects and was finally able to sell first lot to Argentinian buyers.

To find out what OTCMAGIC projects for Lustros Inc for both short term and long term please click here: LSTS

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