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Gold/Mining/Energy : Canadian Microcaps

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From: Ciao	9/25/2005 6:17:57 PM
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HYD (HYD-TSX) a oil field services stock will be announcing Q1 results this week. Year end EPS were .22 and rev. were $70M. Stock trades at 10X earnings. Edmonton, Alberta CANADA, Jul 28, 2005 (M2 PRESSWIRE via COMTEX) -- Hyduke Energy Services Inc. (HYD - TSX Venture), announced today operating results for Fiscal 2005. Strong domestic demand combined with continued penetration into international markets have resulted in record revenues and profitability. Fiscal 2005 revenue of $70.4 million represents a 59% increase over revenue of $44.3 million in the prior year. Fiscal 2005 net income of $3.8 million ($0.221 per share) represents a 256% increase over net income of $1.1 million ($0.120 per share) in the prior year. Hyduke has significantly improved its financial position compared to the prior two years through a combination of positive earnings, debt conversion into equity and debt restructuring. stockhouse.ca

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