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Tuesday, 14 October, 2008, 18:20 GMT | more prices >>

Rise in RTX profits



By Upstream staff 

US Reservoir Exploration Technology (RXT) has increased its earnings by 188% for the fourth quarter of 2007 compared to the same period in 2006.

Earnings before interest, tax, depreciation and amortisation was $14.4 million compared with $5 million in 2006.

Revenue jumped by 87% to $36 million for the quarter compared with $19.3 million the year before.

Ebitda for the full year came in at $24 million, in line with the company’s expectations.


Thursday, 28 February, 2008, 10:30 GMT  | last updated: Thursday, 28 February, 2008, 12:08 GMT

Coining it in: RTX boosts profits for fourth quarter 2007
 

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