CE Franklin Ltd. announces 2011 Second Quarter Results

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[{"type":"text","content":"\n\n\n Jul. 28, 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, July 28, 2011 /CNW/ - CE FRANKLIN LTD. (TSX.CFT) (NASDAQ.CFK) reported net earnings of $1.7 million or $0.10 per share for the second\n quarter ended June 30, 2011, a significant increase from the $0.01 loss\n per share generated in the second quarter ended June 30, 2010.\n\n\nFinancial Highlights\n\n\n\n\n\n\n\n(millions of Cdn. $ except per share data)\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\nThree Months Ended\n\n\n \n\n\nSix Months Ended\n\n\n\n\n \n\n\nJune 30\n\n\n \n\n\nJune 30\n\n\n\n\n \n\n\n2011 \n\n\n \n\n\n2010 \n\n\n \n\n\n2011 \n\n\n \n\n\n2010 \n\n\n\n\n \n\n\n \n\n\nUnaudited\n\n\n \n\n\n \n\n\nUnaudited\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\nRevenues\n\n\n113.9\n\n\n \n\n\n99.9\n\n\n \n\n\n251.6\n\n\n \n\n\n221.8\n\n\n\n\nGross Profit\n\n\n19.3\n\n\n \n\n\n15.6\n\n\n \n\n\n41.6\n\n\n \n\n\n35.2\n\n\n\n\nGross Profit - % of sales\n\n\n16.9%\n\n\n \n\n\n15.6%\n\n\n \n\n\n16.5%\n\n\n \n\n\n15.9%\n\n\n\n\nEBITDA(1)\n\n\n3.1\n\n\n \n\n\n0.7\n\n\n \n\n\n8.4\n\n\n \n\n\n4.8\n\n\n\n\nEBITDA (1)% of sales\n\n\n2.7%\n\n\n \n\n\n0.7%\n\n\n \n\n\n3.3%\n\n\n \n\n\n2.2%\n\n\n\n\nNet earnings\n\n\n1.7\n\n\n \n\n\n(0.1)\n\n\n \n\n\n5.1\...

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