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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| TSXV:FSI | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
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Richard Ball, Chief Executive Officer of FSI Energy Services Inc. (TSX
VENTURE:FSI) ("FSI"), is pleased to announce financial results for the twelve
months ended December 31, 2010.
Overall, fiscal 2009 saw a slight decrease in year-over-year net loss ($519,500
- 2010; $540,371 - 2009). The company continued to experience the negative
effects of challenging economic conditions in both Canadian and Russian energy
sectors. In response to decreased revenues ($2,337,275 - 2010; $7,618,809 -
2009), the company continued an aggressive cost reduction program. Selling,
General & Administrative costs for the year were reduced by over half ($978,000
- 2010; $1,973,000 - 2009).
More in-depth analysis of financial results is contained within the company's
Management Discussion and Analysis, available on SEDAR.
About FSI
Through its wholly owned subsidiary FSI International Services Ltd., FSI Energy
Services Inc. is a Calgary-based manufacturing and service company specializing
in customized filtration, filtration- related technologies and Brine Plants for
the energy, chemical, and water treatment industries.
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