ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

NWE New West Energy Services Inc

0.01
0.00 (0.00%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
New West Energy Services Inc TSXV:NWE 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% 0.01 0.005 0.01 0 01:00:00

New West Energy Services Inc. Announces Its Third Quarter Results

28/03/2013 9:55pm

Marketwired Canada


New West Energy Services Inc. (TSX VENTURE:NWE) (the "Corporation") is pleased
to announce the results for the Corporation for its third quarter ended January
31, 2013.


Revenue from continuing operations for the nine month period totaled
$13,890,000. Net income from continuing operations for the nine month period
totaled $1,580,000. The comparative numbers from continuing operations for the
nine month period ended January 31, 2012 were $11,455,000 and $1,170,000. The
increase in net income over the previous period is largely due to the
recognition of a non-cash item of deferred tax recovery and a deferred tax
charge for a net increase of approximately $600,000.


Total revenue of $13,890,000 was comprised of $7,570,000 from Environmental
Services, $4,230,000 from Vacuum Services and $2,090,000 from Hauling Services.
The Hauling Services division only commenced operation at the end of August in
2012, being the date Porterco Oilfield Services Inc. commenced operations. This
new division operates out of Slave Lake and is expected to grow substantially
over the next several years.


The Corporation continues to look at new expansion and acquisition opportunities
in the environmental and oilfield services area.


Additional information about the Corporation is available on its website at
www.newwestenergyservices.com or under its profile on SEDAR at www.sedar.com.


About New West Energy Services Inc.

The Corporation operates in the oilfield service industry in Canada through two
wholly owned subsidiaries - BearStone Environmental Solutions Inc. and Porterco
Oilfield Services Inc. BearStone provides environmental services to the upstream
oil and gas industry and also operates a fleet of specialized vacuum and water
trucks. Porterco operates a fleet of trucks and trailers for hauling oil
contaminated drill cuttings as well as providing equipment rental and custom
fabrication services.


FOR FURTHER INFORMATION PLEASE CONTACT: 
New West Energy Services Inc.
Gerry E. Kerkhoff
President & Chief Executive Officer
403.984.9798 or 1.888.977.2327 (BEAR)
403.984.9799 (FAX)
gkerkhoff@bearstoneenviro.com
www.newwestenergyservices.com

1 Year New West Energy Services Chart

1 Year New West Energy Services Chart

1 Month New West Energy Services Chart

1 Month New West Energy Services Chart