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Enerchem International Inc. reports a record year.

NISKU, ALBERTA--(BUSINESS WIRE)--Nov. 25, 1996--Enerchem (TSE ECH.) Mr. Larry B. Phillips, President of Enerchem International Inc., an Edmonton based specialty chemical 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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Publication:Business Wire
Date:Nov 25, 1996
Words:127
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