Hydrodec Group reported an overall loss – including discontinued operations – of $5.3 million for the six months ending June 30, compared to an $8.4 million loss for 2015s first half. Revenues rebounded from a year earlier, up almost 150 percent.
Revenues from the companys continuing core rerefining business rose 148 percent to $8.1 million, compared to $3.3 million for the year-earlier period. Hydrodec attributed the improvement to full commissioning of its new transformer oil rerefinery in Canton, Ohio, at the end of 2015 and increased market penetration.
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