Savanna Energy Service Q4 Profit Declines - InvestingChannel

Savanna Energy Service Q4 Profit Declines

Savanna Energy Service Corp. (SVY) Thursday reported fourth-quarter net earnings of C$3.1 million or C$0.04 per share, compared to C$16.7 million or C$0.20 per share in the same period last year.

On average, twelve analysts polled by Thomson Reuters expected the company to earn C$0.14 per share for the quarter. Analysts’ estimates typically exclude special items.

Revenues totaled C$168.24 million, down 7 percent from C$181.48 million in the comparable quarter last year, while nine analysts expected revenues of C$168.94 million.

Operating expenses increased to C$128.1 million from C$127.8 million last year.

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by RTT Staff Writer

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