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ORBIT GARANT DRILLING INC.ANNOUNCES STRONG FINANCIAL RESULTS FOR FISCAL 2010
ORBIT GARANT DRILLING INC.ANNOUNCES STRONG FINANCIAL RESULTS FOR FISCAL 2010
About this update from Orbit Garant Drilling Inc.
[{"type":"text","content":"\n\n\n\n Sep. 23, 2010 (Canada NewsWire Group) -- \nORBIT GARANT DRILLING INC.\nANNOUNCES STRONG FINANCIAL RESULTS FOR FISCAL 2010\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\nORBIT GARANT DRILLING INC.\nANNOUNCES STRONG FINANCIAL RESULTS FOR FISCAL 2010\n\n 1,298,124 metres drilled\n \n\n Record revenues of $110 million despite difficult market \n \n\n Earnings of $12.6 million match 2009 record level\n \n\n\n VAL-D'OR, QC, Sept. 23 /CNW/ - Orbit Garant Drilling Inc. (TSX:OGD)\n (Orbit Garant or the "Company") today announced its financial results\n for the fourth quarter and fiscal year ended June 30, 2010. All dollar\n amounts are in Canadian currency unless otherwise stated.  Percentage\n calculations are based on numbers in the financial statements and may\n not correspond to rounded figures presented in this release. \n \n\n Highlights\n \n\n\n\n  \n \n\n 3 months endedJune 30, 2010\n \n\n 3 months endedJune 30, 2009\n \n\n 12 monthsended June 30, 2010\n \n\n 12 months endedJune 30, 2009\n \n\n\n\n $ amounts in millions except earnings per share\n \n\n  \n \n\n  \n \n\n  \n \n\n  \n \n\n\n\n Revenue\n \n\n $33.1\n \n\n $28.3\n \n\n $110.0\n \n\n $105.2\n \n\n\n\n Gross Profit\n \n\n $9.1\n \n\n $10.7\n \n\n $33.6\n \n\n $36.1\n \n\n\n\n Gross Margin %\n \n\n 27.6\n \n\n 37.9\n \n\n 30.6\n \n\n 34.3\n \n\n\n\n  \n \n\n  \n \n\n  \n \n\n  \n \n\n  \n \n\n\n\n EBITDA\n \n\n $7.8\n \n\n $7.8\n \n\n $27.9\n \n...