Business
Pure Energy Services Ltd. announces Q1 2011 Financial Results and increased Capital Expenditure Budget
May 26, 2011 (Canada NewsWire Group) -- CALGARY, May 26, 2011 /CNW/ - Pure Energy Services L...
About this update from Hayasa Metals Inc.
[{"type":"text","content":"\n\n\n May 26, 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, May 26, 2011 /CNW/ - Pure Energy Services Ltd. ("Pure" or "the Corporation") (TSX: PSV) is pleased to announce its financial and operating results for the three\n months ended March 31, 2011 ("Q1 2011").  The financial results\n presented for Q1 2011 and all comparative information have been\n prepared in accordance with International Financial Reporting Standards\n ("IFRS") with effect from January 1, 2010. For more information on the\n Corporation's transition to IFRS refer to the "Changes in Accounting\n Policies - Adoption of IFRS" section of this news release. Unless\n otherwise indicated, references in this news release to "$" or\n "Dollars" are to Canadian dollars.\n\n\nSELECTED CONSOLIDATED FINANCIAL INFORMATION\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(Unaudited)\n\n\nThree months ended March 31,\n\n\n\n\n($000's, except per share amounts)\n\n\n \n\n\n2011\n\n\n \n\n\n2010\n\n\nChange\n\n\n\n\nContinuing operations\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue\n\n\n$\n\n\n60,972\n\n\n$\n\n\n42,147\n\n\n45%\n\n\n\n\nGross margin\n\n\n$\n\n\n20,208\n\n\n$\n\n\n11,127\n\n\n82%\n\n\n\n\nGross margin %\n\n\n \n\n\n 33%\n\n\n \n\n\n26%\n\n\n27%\n\n\n\n\nSelling, general and administrative expenses\n\n\n$\n\n\n5,962\n\n\n$\n\...