After experiencing losses from operations, EnGlobal (Nasdaq: ENG), an engineering and automation company, has divested non-core assets, cured defaults on its credit facility and increased gross profit margins.

"Our remaining business is largely reflected in our fourth quarter 2013 results, which show an increase in our gross profit margins from approximately 10 percent to approximately 19 percent when comparing the 2012 and 2013 periods," says EnGlobal CFO Mark Hess in a March 14 statement.

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