Enerchem International Inc. reports a record year.NISKU, ALBERTA--(BUSINESS WIRE)--Nov. 25, 1996--Enerchem (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ECH ECH Echelon ECH Echangeur (French: Exchange; Canada Post street designation) ECH Electron Cyclotron Heating ECH Epichlorohydrin ECH Echinacea ECH Emergency Command Hologram (Star Trek) .) Mr. Larry Lar´ry n. 1. Same as Lorry, or Lorrie. B. Phillips, President of Enerchem International Inc., an Edmonton based specialty chemical A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. and oilfield equipment rental company serving the oil and gas industry, reports a record year in revenues and net profit for the year ended August 31, 1996. Revenues increased 8 percent to $8.5 million compared to $7.8 million in the same period in 1995. Income before tax during the period increased from $503,000 to $895,000, an increase of 77 percent. After tax income during the period was $406,000 compared to $266,000, an increase of 52 percent. Earnings per share increased from $0.02 to $0.04. CONTACT: Enerchem International Inc. Larry B. Phillips, 403/955-3388 403/955-2064 (FAX) |
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