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Gold/Mining/Energy : Swift Energy (SFY)

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To: Mark who wrote (26)8/6/1997 10:02:00 AM
From: Rosemary   of 1602
 
Mark,

Correct me if I'm wrong, but we are cookin with gas!

Revenues during this year's second quarter rose 35% to $16.9 million from $12.6
million a year ago. Net cash provided by operating activities advanced to $10.8
million, a 23% increase over the $8.7 million registered in the second quarter of
1996.

For the six months ended June 30, 1997, Swift recorded net income of $10.9 million ($0.72 per share) on revenues of $38.2 million, a 61 % increase when compared to earnings of $6.8 million ($0.54 per share) on revenues of $23.7 million during the first half of 1996. Net cash provided by operating activities more than doubled to $30.3
million from $14.9 million a year earlier. Swift's revenues, earnings, production and cash flows for the first half of 1997 were all at new record high levels.
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