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Gold/Mining/Energy : Canadian Microcaps

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From: TheFarmer	5/18/2005 7:35:52 AM
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Leader Energy Services achieved record financial results for the three months ended March 31, 2005. Revenue totaled $6.2 million, an increase of 93% over the $3.2 million recorded a year ago. Net income for the first quarter of 2005 increased 71% to $1.8 million (10 cents per share) from $1.1 million (15 cents per share) a year earlier. 2005 income was impacted by a non-cash tax provision of $0.25 million and non-cash stock compensation expense of $0.25 million. Cash flow from operations before changes in non-cash working capital totaled $2.6 million (14 cents per share), a 115% increase over the $1.2 million (17 cents per share) recorded during the same period last year.

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