Business
Pure Energy Services Ltd. announces record Q4 2011 results, record annual 2011 results and declaration of Q2 2012 dividend
CALGARY, March 14, 2012 /CNW/ - Pure Energy Services Ltd. ("Pure" or "the Corporation") (T...
About this update from Hayasa Metals Inc.
[{"type":"text","content":"\n\n\n\n\n\nCALGARY, March 14, 2012 /CNW/ - Pure Energy Services Ltd. (\"Pure\" or \"the Corporation\") (TSX: PSV) is pleased to announce its financial and operating results for the three\n and twelve-month periods ended December 31, 2011.  The financial\n results presented and all comparative information have been prepared in\n accordance with International Financial Reporting Standards (\"IFRS\").\n For more information on the Corporation's transition to IFRS refer to\n the \"Changes in Accounting Policies - Adoption of IFRS\" section of this\n news release. Unless otherwise indicated, references in this news\n release to \"$\" or \"Dollars\" are to Canadian dollars.\n\n\nSELECTED CONSOLIDATED FINANCIAL INFORMATION\n\n\n \n\n\n \n\n\nThree months ended December 31,\n\n\nYear  ended December 31,\n\n\n($000's, except per share amounts)\n\n\n2011\n\n\n2010\n\n\nChange\n\n\n2011\n\n\n2010\n\n\n  Change\n\n\nContinuing operations\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nRevenue\n\n\n$\n\n\n78,883\n\n\n  $\n\n\n55,128\n\n\n43%\n\n\n  $\n\n\n245,820\n\n\n  $\n\n\n175,673\n\n\n40%\n\n\nGross margin\n\n\n$\n\n\n27,897\n\n\n$\n\n\n17,316\n\n\n61%\n\n\n$\n\n\n76,048\n\n\n$\n\n\n47,000\n\n\n62%\n\n\nGross margin %\n\n\n \n\n\n35%\n\n\n \n\n\n31%\n\n\n13%\n\n\n \n\n\n31%\n\n\n \n\n\n27%\n\n\n15%\n\n\nSG&A expenses (1)\n\n$\n\n\n7,431\n\n\n$\n\n\n6,379\n\n\n16%\n\n\n$\n\n\n24,610\n\n\n$\n\n\n22,452\n\n\n10%\n\n\nEBITDAS (2)\n\n$\n\n\n20,466\n\n\n$\n\n\n10,937\n\n\n87%\n\n\n$\n\n\n51,438\n\n\n$\n\n\n24,548\n\n\n110%\n\n\nNet Earnings\n\n\n$\n\n\n9,389\n\n\n$\n\n\n4,416\n\n\n113%\n\n\n$\n\n\n21,625\n\n\n$\n\n\n5,217\n\n\n315%\n\n\n      Per share:\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n        Basic\n\n\n$\n\n\n0.39\n\n\n$\n\n\n0.19\n\n\n105%\n\n\n$\n\n\n0.89\n\n\n$\n\n\n0.22\n\n\n305%\n\n\n        Diluted\n\n\n$\n\n\n0.37\n\n\n$\n\n\n0.18\n\n\n106%\n\n\n$\n\n\n0.87\n\n\n$\n\n\n0.21\n\n\n314%\n\n\nFunds flow from operations (2)\n\n$\n\n\n20,124\n\n\n$\n\n\n10,532\n\n\n91%\n\n\n$\n\n\n50,235\n\n\n$\n\n\n22,042\n\n\n128%\n\n\nCapital expenditur...