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Scotia bang on bigreturn11 financials great

[thedave2006]

HSE Integrated reports net earnings of $3.1 million in fourth quarter

By The Canadian Press | The Canadian Press –

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By The Canadian Press

CALGARY - HSE Integrated Ltd. (TSX:HSL.TO - News) says it recorded net earnings of $3.1 million, or eight cents per share, in the fourth quarter of 2011.

That's up from net earnings of $900,000, or two cents per share, in the same period in 2010.

Quarterly revenue rose 9.7 per cent to $24.6 million thanks to improved operating performance, combined with a reduction in a provision for an onerous rent contract of $1 million.

For all of 2011, HSE reports net earnings of $6 million or 14 cents per fully diluted share. This compares to net earnings of $400,000 or a penny per share in 2010.

Revenue in 2011 increased almost 20 per cent to $98.2 million as both oilfield and industrial revenue posted double digit percentage gains.

Tom Hickey, President and CEO, made the following comments on 2011's financial performance.

"We are extremely pleased with our year," said HSE president and CEO Tom Hickey.

"We said our main focus would be on financial performance and increasing margins, and we accomplished our goals. We are very excited now to turn the page into growth mode and move quickly into expanding our US operations and continuing our organic growth in Canada."

[thedave2006]

so who tripped the stink bidders?  scotia trader caught now.   so what gives....good financials, nice pop in sp before hand and now, all of a sudden someone just had to get out on a friday afternoon.   cheers, dave.

[thedave2006]

seller was someone at scotia too. lol. so who bought it back to 1.10s after the dip to 0.65. so tsx going to look into this sorts of activity? cheers, dave.Recent Trades - Last 10 of 58 Time ET Ex Price Change Volume Buyer Seller Markers 15:38:31 T 0.65 -0.52 500 2 RBC 85