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Synenco Energy Inc.

12:01 PM EST - Synenco Energy Inc. : on Tuesday posted a first quarter net loss of $0.4 million or $0.01 per share compared to a profit of $0.3 million or $0.01 per share in the corresponding quarter in the previous year. The company attributed the loss to increased office and corporate costs. Interest income for the quarter increased to $4.1 million from $3.62 million in the previous year. Synenco Energy Inc. shares T.SYN are trading up $2.00 at $15.41.