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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: SofaSpud who wrote (11615)	7/6/1998 10:56:00 PM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR - SPEC 20 LISTED / Enerchem International Inc. Nine Month Earnings Report ENERCHEM INTERNATIONAL INC. NISKU, ALBERTA, July 6 /CNW/ - Mr. Larry B. Phillips, President of Enerchem International Inc., an oil and gas specialty chemical company and equipment rental company serving the oil and gas industry reports record revenues and net profits for the nine months ended May 31, 1998. Revenues were $12,742,099 versus $8,935,842 for the comparative period representing a 43% increase. Earnings before tax were $2,806,120 compared to $1,597,932 for the same period last year, representing an increase of 76%. After tax earnings increased 87% to $1,594,120 from $851,608 reported in the comparative period. Earnings per share for the comparative periods increased to $0.21 from $0.12. Revenues for the quarter ended May 31, 1998 were $3,933,935 versus $3,143,324 for the corresponding period representing a 25% increase. Earnings before tax during the quarter increased from $468,176 to $514,205 an increase of 10%, and after tax earnings increased 20% to $298,505 compared to $248,852 for the quarter ended May 31, 1997. Earnings per share for the current quarter were $0.04 compared to $0.03 for the comparative quarter in 1997.