CE Franklin Ltd. announces 2010 Fourth Quarter and Year End Results

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[{"type":"text","content":"\n\n\n\n Feb. 2, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, Feb. 2 /CNW/ - CE FRANKLIN LTD. (TSX.CFT, NASDAQ.CFK) reported net income of $1.6 million or $0.09 per share (basic) for the\n fourth quarter ended December 31, 2010, compared to a net loss of $0.5\n million or $0.03 per share (basic) for the fourth quarter ended\n December 31, 2009.  For 2010, net income was $5.9 million or $0.34 per\n share (basic), a decrease of 6% from the $6.3 million or $0.36 per\n share earned in 2009.\n\n\nFinancial Highlights \n\n\n\n\n\n\n\n(millions of Cdn.$ except per share data)\n\n\n \n\n\nThree months ended\nDecember 31\n\n\n \n\n\nYear ended\nDecember 31\n\n\n\n\n \n\n\n \n\n\n2010\n\n\n \n\n\n2009\n\n\n \n\n\n2010\n\n\n \n\n\n2009\n\n\n\n\n \n\n\n \n\n\n(unaudited)\n\n\n \n\n\n(unaudited)\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nSales\n\n\n \n\n\n $       135.6\n\n\n \n\n\n $         93.0\n\n\n \n\n\n $       489.6\n\n\n \n\n\n $       437.0\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nGross profit\n\n\n \n\n\n            20.5\n\n\n&#...

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