Wenzel Downhole Tools Ltd (WZL) - was Master Downhole Message Board

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Gold/Mining/Energy : Wenzel Downhole Tools Ltd (WZL) - was Master Downhole

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To: Robert Raymond who wrote (74)	10/29/1999 9:16:00 AM
From: Robert Raymond	Read Replies (1) of 104

Financial results out WENZEL DOWNHOLE TOOLS LTD. ASE SYMBOL: WZL OCTOBER 29, 1999 Wenzel Downhole Tools Announces Revenue and Earnings Growth CALGARY, ALBERTA--Wenzel Downhole Tools Ltd. is pleased to announce continued revenue and earnings growth for the quarter ended August 31, 1999. Always a slow period for both the industry and the Company, this first quarter was a challenge. An extended spring breakup in Western Canada provided for very low local demand for tools. Despite the industry environment, total revenues increased by 69% to $4,434,981 for the quarter ended August 31, 1999 from $2,621,099. Net after tax earnings increased by 48% to $530,412 for the quarter ended August 31, 1999 from $356,284. Fully diluted earnings per share increased by 50% to $0.018 from $0.012.

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