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Quality Industrial Corp. Reports Fiscal Year 2024 Results; Subsidiary Al Shola Gas Achieves 31.1% Year-Over-Year Revenue Growth
SAN FRANCISCO, CA , April 28, 2025 (GLOBE NEWSWIRE) -- Quality Industrial Corp. (“QIND” or the “Company”) (OTC: QIND), an industrial and energy-focused company providing comprehensive solutions for the liquefied petroleum gas ("LPG") industry, today announced its financial results for the fiscal year ended December 31, 2024. Through its operating subsidiary, Al Shola Gas, QIND offers consulting, design, supply, installation, and maintenance of LPG systems, as well as bulk and cylinder LPG distri
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[{"type":"image","alt":"Quality Industrial Corp.","displaySize":"","headline":null,"caption":"Quality Industrial Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":129,"url":"https://media.zenfs.com/en/globenewswire.com/e451a20ee9b16cfcdc927c467ef33856"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ITnOfhMBeBktLAjbJMCqUQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE4MTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/e451a20ee9b16cfcdc927c467ef33856","width":300,"height":129}},"lazy":false},{"type":"text","content":"SAN FRANCISCO, CA , April 28, 2025 (GLOBE NEWSWIRE) -- Quality Industrial Corp. (“QIND” or the “Company”) (OTC: QIND), an industrial and energy-focused company providing comprehensive solutions for the liquefied petroleum gas ("LPG") industry, today announced its financial results for the fiscal year ended December 31, 2024.","length":336,"tagName":"p"},{"type":"text","content":"Through its operating subsidiary, Al Shola Gas, QIND offers consulting, design, supply, installation, and maintenance of LPG systems, as well as bulk and cylinder LPG distribution services. The Company serves a broad range of clients, including commercial buildings, mixed-use apartment complexes, shopping centers, food courts, heavy industries, labor accommodations, catering units, and commercial kitchens.","length":409,"tagName":"p"},{"type":"text","content":"Fiscal Year 2024 Highlights:","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total Revenue: QIND reported total revenue of $11,177,567 for the year ended December 31, 2024, primarily driven by the acquisition and consolidation of Al Shola Gas beginning in April 2024.","length":200,"tagName":"p"}]},{"val":[{"type":"text","content":"Subsidiary Performance: Al Shola Gas generated revenue of $14,268,840 for the twelve months ended December 31, 2024, representing a 31.1% increase compared to $10,839,209 in 2023.","length":209,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating Expenses: Operating expenses increased to $3,280,008 for 2024, compared to $2,766,256 in 2023. General and administrative expenses remained relatively consistent year-over-year but shifted from being primarily share-based expenses in 2023 to operating expenses of Al Shola Gas in 2024.",...