MagneGas Corporation has announced its financial results and provided a business update for the full year ending 31st December 2016.
Revenues for the full year ending 31st December 2016 increased 46% to $3.5m compared to $2.4m for the same period last year.
The company also experienced close to 20% revenue growth versus the same period last year for MagneGas fuel sales. This increase was primality due to additional customers and distributors acquired through ESSI and the results of marketing the company.
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