American Power Group Corporation reported consolidated earnings results for the second quarter and six months ended March 31, 2015. The company's net sales for the three months ended March 31, 2015 decreased $784,000 or 62% to $474,000 as compared to net sales of $1,258,000 for the three months ended March 31, 2014. Due to increased oil reserves and a decrease in the growth rate of demand throughout certain parts of the world the price of oil in the U.S. has dropped to the $50 - $60 per barrel range which has resulted in a steady decrease in diesel prices during the three months ended March 31, 2015. Operating loss from continuing operations was $1,103,000 against $586,000 a year ago. Net income for the three months ended March 31, 2015 was $92,000 or $0.00 per basic share as compared to a net loss of $9,694,000 or $0.20 per basic share for the three months ended March 31, 2014.

The company's net sales for the six months ended March 31, 2015 decreased $1,571,000 or 51% to $1,530,000 as compared to net sales of $3,101,000 for the six months ended March 31, 2014. Due to increased oil reserves and a decrease in the growth rate of demand throughout certain parts of the world the price of oil in the U.S. has dropped to the $50 - $60 per barrel range which has resulted in a steady decrease in diesel prices during the six months ended Mach 31, 2015. Net income for the six months ended March 31, 2015 was $3,716,000 or $0.07 per basic share as compared to a net loss of $10,181,000 or $0.21 per basic share for the six months ended March 31, 2014. Operating loss from continuing operations was $1,870,000 against $676,000 a year ago.