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Friday, 21 November, 2008, 23:00 GMT | more >>

Boots & Coots profits as demand rages



By Upstream staff 

Well control company Boots & Coots saw second-quarter earnings of $2.6 million, or four cent per diluted share, reversing a year-ago loss of $879,000, or three cents per diluted share, as revenue soared to $23.9 million from $4.8 million in the second quarter of 2005.

For the first six months of the year, the company reported net income of $3.9 million, or eight cents per diluted share, compared with $1.4 million, or four cents per diluted share for the first half of 2005.

Half-year revenue rose to $35 million, compared with $19.1 million in the first six months of last year.

The company specialises in preventing and responding to blowouts and well fires. It benefitted from increased dmeand for well services as commodities prices rose, and from its purchase of Hydraulic Well Control (HWC).


Wednesday, 09 August, 2006, 05:46 GMT  | last updated: Wednesday, 09 August, 2006, 05:46 GMT

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