Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Evolution who wrote (51615)	9/22/1999 10:12:00 AM
From: Think4Yourself	Read Replies (1) of 95453

For you KEGgers... Key Energy Reports Fourth Quarter and Fiscal Year Results; go2net.newsalert.com ... The company's fourth quarter EBITDA, defined earnings before interest expense, taxes, depreciation, depletion and amortization (excluding a reversal of the accrual for corporate restructuring and charges for bad debt expense) was approximately $15.0 million, as compared to $4.0 million for the March 1999 quarter, an increase of approximately 275%. The net loss for the fourth quarter was $0.24 per share, which included: (i) a pretax charge to bad debt expense of approximately $687,000 and (ii) a reversal of the accrual for corporate restructuring of $3.9 million due to improved market conditions. Excluding such special items, the net loss was $0.28 per share. ...

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