CREDO: Earnings Increase 32% to New Q1 Record

For the first fiscal quarter ended January 31, 2008, CREDO Petroleum reported that net income climbed 32% to $1,801,000 compared to $1,364,000 last year. On a per diluted share basis, net income was $.19 compared to $.15 last year. Revenue rose 13% to $4,575,000 for the first quarter compared to $4,055,000 last year. Earnings before interest, taxes, depreciation, depletion and amortization ("EBITDA") grew 18% to $3,391,000 compared to $2,864,000 last year, and working capital increased 34% to $12,643,000 compared to $9,451,000 last year.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Principal Financial Analyst-DIRECT
Expertise: Accounting|Financial Analyst
Location: Houston, TX
 
Sr. Project Manager
Expertise: Project Engineer|Project Management
Location: Odessa, 
 
Administrative Assistant IV
Expertise: Executive|Secretarial or Administrative
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours